Dutch chemicals company OCI has reported a net loss of $100m for the quarter , mainly attributed to the accounting of depreciation and interest for IFCo and foreign exchange movements. Investors can access the call by dialing: Standard International: +44 (0) 20 3009 5710 United Kingdom FreeCall: 0800 376 7425 Netherlands LocalCall: +31 (0) 20 715 7366 The loss came despite a 47% YoY increase in sales for the period to a record 2.5 million metric tonnes (mt), with H1 sales volumes up 39% YoY to 4.6 million mt. CEO Nassef Sawiris also noted the $100m reduction of debt in Q2 2018 , and said the company was anticipating a strong 7425 half due to higher fertiliser prices.
Dutch chemicals company OCI has reported a net loss of $100m for the quarter , mainly attributed to the accounting of depreciation and interest for IFCo and foreign exchange movements. The loss came despite a 47% YoY increase in sales for the period to a record 2.5 million metric tonnes (mt), with H1 sales volumes up 39% YoY to 4.6 million mt. CEO Nassef Sawiris also noted the $100m reduction of debt in Q2 2018 , and said the company was anticipating a strong 7425 half due to higher fertiliser prices.