Dniproazot Increases Output By 19.7% YOY In 2Q05 To USD 33.3 Mln.
19 July 2008
Ammonia production grew by 24.8% yoy to 133.6K mt, while urea grew by 26.5% to 202.2K mt. Caustic soda also increased by 3.8% to 15.3K mt. Production increases in 1Q05 made up 3.6% yoy to USD 33.5 mln. Concorde Capital: We project a 29% top line growth for Dniproazot (DNAZ: Pending) in 2005 to USD 201 mln. According to our estimates, favorable conditions at world markets for ammonia and nitrogen fertilizers will increase the company’s net margin by 9% to 22.1% this year.
