PhosAgro post FY 2010 net profit of $515 million

Russian fertilizer group, PhosAgro, has posted a FY 2010 net profit of $515 million under IFRS

The bottom line is up from FY 2009 net profit of $376 million to $515 in 2010 with EBITDA rising year on year to $674 million from $415 million, on the back of increase in revenues to $2.534 billion from $1.916 billion in 2009.The company noted that in 2010, mineral fertilizer deliveries hit 2,571,500 tons, up  117,900 tons on the 2009 figure, with Phosagro exceeding monthly and annual plans for the production of sulfuric acid, phosphoric acid and aluminum fluoride.