Amonil''s profit shrinks

Chemical fertiliser producer Amonil Slobozia concluded the first nine months with a net profit of 446,000 euros (1.6 million RON), compared with the 1.42 million euro losses seen in the same period last year. The company”s profits were lower than in the first six months of the year, which amounted to 1.25 million euros, mainly because of the increase in the price of natural gas. The sales of the company continued as in the first half, amounting to 67.2 million euros (243.2 million RON) an increase of 50% on the same time last year. Amonil sold more than 480,000 tonnes of chemical fertilisers in the first nine months, 88% of this quantity being exported. The sales increase is mainly due to the signing of certain contracts with Ameropa and Transamonia, which allowed the company to continue its operations. Amonil is to deliver nearly 3 million tonnes of urea and liquid chemical fertilisers to Transamonia and Ameropa, with the price periodically renegotiated depending on the market. ZF