Photo by Paul Mocan on Unsplash; image made by Author
PhosAgro (PHOJY) feels relatively well amid the economic chaos all around the world. Despite operating in the cyclical fertilizer industry, the company proved to be one of very few virtually unaffected by the initial phase of the coronavirus crisis. PhosAgro's performance is unquestionable during these turbulent times, though low fertilizer prices are still a concern to keep in mind.
Recent Results Highlights
Source: Company data, Author's spreadsheet
Revenue for the first quarter decreased by 11.4% year-on-year to 64.1 billion roubles ($965 mn) due