Grupa Azoty S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
September 09, 2021 at 05:30 pm
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Grupa Azoty S.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was PLN 3,172.673 million compared to PLN 2,268.898 million a year ago. Operating income was PLN 169.115 million compared to PLN 124.283 million a year ago. Net income was PLN 143.075 million compared to PLN 44.115 million a year ago. Basic earnings per share from continuing operations was PLN 1.44 compared to PLN 0.44 a year ago. For the half year, sales was PLN 6,534.655 million compared to PLN 5,372.618 million a year ago. Operating income was PLN 382.541 million compared to PLN 372.367 million a year ago. Net income was PLN 230.645 million compared to PLN 195.224 million a year ago. Basic earnings per share from continuing operations was PLN 2.33 compared to PLN 1.97 a year ago.
Grupa Azoty SA is a Poland-based producer of chemical products. Its products portfolio is divided into five segments. Fertilizers segment includes manufacturing and sales of nitrogenous fertilizers (urea, nitrate, ammonium nitrates, ammonium sulphate nitrate, a mixture of ammonium sulphate and urea, ammonium sulphate), compound fertilizers, ammonia; Plastics segment is engaged in manufacturing and sales of polyamide 6 (Tarnamid, Alphalon), polyacetal (Tarnoform), caprolactam; OXO segment includes manufacturing and sales of alcohols (2-ethylohexanol, n-butanol, isobutanol, octanol F) and plasticizers, such as bis(2-ethylhexyl) phthalate, diisobutyl phthalate, among others; Pigment segment is engaged in manufacturing and sales of titanium white, Tytanpol; Other Activities segment includes energy, laboratory services, catalysts, rental of properties. The Company operates through subsidiaries, including Grupa Azoty ZAK SA, ATT Polymers GmbH, Zaklady Chemiczne Police SA, among others.