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Eurochem profit jumps on better sales

Global fertiliser company Eurochem saw gross profit for the September quarter jump 40% year-on-year to US$568 million on higher sales.

Eurochem profit jumps on better sales Eurochem profit jumps on better sales Eurochem profit jumps on better sales Eurochem profit jumps on better sales Eurochem profit jumps on better sales

Eurochem saw sales jump as it shifted its production mix towards more complex fertilisers

For the nine-month period, gross profit was $11.6 billion, 21% higher on the year.

Eurochem's consolidated sales for the September quarter totalled $1.4 billion, a 23% climb from a year ago, bringing the total for the nine-month period to $4.1 billion, up 15%.

It attributed the higher sales to stronger product pricing dynamics and an improved sales mix.

In volume terms, fertiliser sales for the September quarter were...

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