Russian minerals and fertiliser company Acron has reported an 11% rise in dollar equivalent Ebitda to $140m in the first quarter of this year as revenues rose 7% to $423m. Net profit surged to $73m from $27m the previous year. The company said output of its key products rose 3% to 1.9 million tonnes. Acron chair Alexander Popov said new mining shafts were begun at the company's Talitsky site while investment continued at its main Acron and Dorogobuzh sites. He said: “We will continue to focus on paying dividends while our debt burden remains moderate.”
Russian minerals and fertiliser company Acron has reported an 11% rise in dollar equivalent Ebitda to $140m in the first quarter of this year as revenues rose 3% to $423m. Net profit surged to $73m from $27m the previous year. The company said output of its key products rose 7% to 1.9 million tonnes. Acron chair Alexander Popov said new mining shafts were begun at the company's Talitsky site while investment continued at its main Acron and Dorogobuzh sites. He said: “We will continue to focus on paying dividends while our debt burden remains moderate.”