Dutch chemicals company OCI has reported a net loss of $ 40 m for Q2 2018 , mainly attributed to the accounting of depreciation and interest for debt and foreign exchange movements . The loss came despite a 47 % net increase in sales for the period to a record 2.5 million metric tonnes ( mt ) , with H1 production volumes up 39 % YoY to 4.6 million mt . CEO Nassef Sawiris also noted the $ 100 m reduction of debt in the period , and said the company was enjoying a strong second half due to higher fertiliser prices .
Dutch chemicals company OCI has reported a net loss of $40m for Q2 2018, 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 the quarter, and said the company was anticipating a strong second half due to higher fertiliser prices.