Bloomberg News

Acron's Dorogobuzh Unit Says 2007 Profit More Than Tripled

August 01, 2008

OAO Dorogobuzh (DGBZ), a unit of Russia's third-largest nitrogen fertilizer producer OAO Acron, said full- year profit more than tripled on higher production and prices.

Net income rose to 1.36 billion rubles ($58 million), from 383 million rubles a year earlier, Veliky Novgorod, Russia-based Acron said in an e-mailed statement today. Sales jumped 38 percent to 7.67 billion rubles.

Acron said June 25 the group's full-year profit more than doubled to 5.67 billion rubles.

To contact the reporter on this story: Maria Kolesnikova in Moscow at mkolesnikova@bloomberg.net.

To contact the editor responsible for this story: Stuart Wallace at swallace6@bloomberg.net.


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