Last checked at 29 Apr 2014 15:34
OJSC PHOSAGRO - Publication of 2013 Annual Report and AccountsOJSC PHOSAGRO - Publication of 2013 Annual Report and Accounts
PR Newswire
London, April 29
For Immediate Release 29 April 2014 PUBLICATION OF 2013 ANNUAL REPORT AND ACCOUNTS Moscow - PhosAgro ("the Company") (Moscow Exchange, LSE: PHOR), one of theworld's leading vertically integrated phosphate-based fertilizer producers,announces that it has today published its 2013 Annual Report and Accounts (the"2013 Annual Report"). The PhosAgro Board of Directors gave preliminaryapproval to the 2013 Annual Report on 28 April 2014, and it is now subject toapproval by the Annual General Shareholders Meeting, which will be held on 13June 2014. The 2013 Annual Report is now available to view or download in a pdf formatfrom the PhosAgro website at www.phosagro.com and a copy has been submitted tothe National Storage Mechanism, which will shortly be available for inspectionat http://www.morningstar.co.uk/uk/. For further information please contact: OJSC PhosAgroIrina Evstigneeva, Head of Corporate Finance and Investor Relationsir@phosagro.ru+7 495 231 3115 Timur Belov, Press Officer+7 495 232 9689 EMSam VanDerlipvanderlip@em-comms.com+44 7554 993 032+7 916 306 6112 Notes to Editors PhosAgro is one of the leading global vertically integrated phosphate-basedfertilizer producers. The Company focuses on the production of phosphate-basedfertilizers, feed phosphate and high-grade phosphate rock (P2O5 content of notless than 39%), as well as ammonia and nitrogen-based fertilizers. The Company is the largest phosphate-based fertilizer producer in Europe, thelargest producer of high-grade phosphate rock worldwide and the second largestMAP/DAP producer in the world (excluding China), according to Fertecon.PhosAgro is also one of the leading producers of feed phosphates (MCP) inEurope, and the only producer in Russia. PhosAgro has 2.1 billion tonnes of resources (according to JORC) of highquality apatite-nepheline ore. The Company's mines and phosphate rockproduction facilities are located in the mountainous areas of the KolaPeninsula in the Murmansk region of northwest Russia, whereas its fertilizerand feed phosphate production assets are located near the city of Cherepovetsin the Vologda region and near the city of Balakovo in the Saratov region ofsouthwest part of European Russia. PhosAgro's 2013 IFRS revenue was over USD 3.3 bln and EBITDA was USD 752 mln.The Сompany's net debt/EBITDA ratio was 1.8 at 31 December 2013.
For further information on PhosAgro please visit: www.PhosAgro.com