Azot Cherkasy (AZOT) Increases 2004 Net Revenues By 0.2% ? To USD234.6 Mn

The company posted a net income of USD1.2mn, an increase of almost 600% yoy. In 2005, the company plans to increase output by 9.3% to USD293.6mn. Ammonia production will increase by 11.9% to 921.9K tons, ammonium nitrate by 108.9% to 767.8K tons and urea by 1% to 687.3K tons. Concorde Capital: High world prices for ammonia and urea accounted for an increase in Azot?s net margin. The upward trend will continue in 2005.