OCI publishes 1Q21 results
The company recorded an adjusted net profit of US$94 million in 1Q21 compared to an adjusted net loss of US$82 million in 1Q20.
Browse the latest nitrogen news and articles.
The company recorded an adjusted net profit of US$94 million in 1Q21 compared to an adjusted net loss of US$82 million in 1Q20.
The company has reported a net loss of US$25 million, or US$2.37 per common unit, on net sales of US$61 million for 1Q21.
The company's 1Q21 adjusted net earnings were US$165 million, or US$0.29 per share, and adjusted EBITDA was US$806 million.
The company's net profit in 1Q21 was RUB5604 million, against a loss of RUB10 174 million in 1Q20.
The line up of banks is still not finalised and ADNOC may add more advisors to the deal.
Hundreds of thousands of tonnes of fertilizer enter Canada through the Port of Montreal during the spring seeding season destined for farms across Eastern Canada.
EBITDA excluding special items was US$585 million, compared with US$504 million a year earlier.
The company's fertilizer output in 1Q21 increased by 2.2% y/y to 2.7 million t.
Mayo Schmidt succeeds Chuck Magro, who is stepping down from his management and Board role at the company to pursue new opportunities.
Abu Dhabi National Oil Co. and OCI N.V. are reportedly weighing an initial public offering of their fertilizer joint venture Fertiglobe.
Togliattiazot increased supplies of urea to the Russian domestic market to 35 000 t in February this year.
The two plants have earned 2020 ENERGY STAR® certification from the US Environmental Protection Agency.