ZA Puławy initially had PLN 152 million of consolidated net profit in Q4 2021

Grupa Azoty Zakłady Azotowe Puławy (ZA Puławy) posted PLN 152m in consolidated net profit in Q4 2021 compared to PLN 47m a year earlier, the company said, citing preliminary data.

Consolidated sales revenues amounted to PLN 2,138 million compared to PLN 859 million a year earlier, and EBITDA - PLN 395 million, compared to PLN 119 million, respectively. The EBIT profit amounted to PLN 64 million compared to PLN 74 million a year earlier.

“The fourth quarter of 2021 was a period of increase in the sales prices of fertilizers caused by rapid, very dynamic increases in the prices of the main raw materials for the production of fertilizers, especially natural gas, which created an unprecedented, rapid increase in production costs. At the same time, the results of the fourth quarter reflected the high demand for the chemical products of the Agro Segment of the Company (melamine, urea for technical purposes and RedNoxy), ”reads the release.

The Grupa Azoty Group ranks second in the EU in the production of nitrogen and compound fertilizers, and products such as melamine, caprolactam, polyamide, OXO alcohols and titanium white also have a strong position in the chemical sector, being used in many industries.

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