Oct. 6 (Bloomberg) -- Belarus’s most profitable company in the second quarter was fertilizer maker Belaruskali, which produces 15 percent of the world’s potash, according to the Finance Ministry.
Belaruskali had a profit of 2.5 trillion rubles ($436 million) in the period, a 14-fold increase from the previous three months, the ministry said in a report on its website today. The Mozyr refinery was the former Soviet republic’s least profitable company with a net loss of 190 billion rubles.
President Aleksandr Lukashenko, who has considered selling a stake in state-owned Belaruskali as part of the country’s asset sale program, values the company at $30 billion.
The domestic currency was devalued by 36 percent in May and a further 38 percent last month after the authorities allowed the ruble to trade freely.
--Editors: Paul Abelsky, Alan Crosby
-0- Oct/06/2011 14:47 GMT
To contact the reporter on this story: Aliaksandr Kudrytski in Minsk, Belarus at firstname.lastname@example.org
To contact the editor responsible for this story: Balazs Penz at email@example.com -0- Oct/06/2011 12:17 GMT