Acron’s net profit down on low nitrogen prices as higher output lifts revenue
Acron increased output of key products by 7% year on year in 2020 to 7.98m. tonnes. Total sales were also up, 3% year on year to 7.81m. tonnes, with the remainder captive product. This allowed for total revenue to increase 4% year on year in local currency to $1.66bn equivalent. Of note, currency fluctuations meant…