Company Profile For OAO "Sil'vinit"

Sil'vinit OAO is a Russia-based company involved in the production of mineral fertilizers. Its offer includes potassium chloride, potassium fertilizers and salt. Sil'vinit OAO holds the licenses to explore Verkhnekamsk Potassium Salt Deposit. The Company delivers its products to all regions of Russia and to over 50 countries worldwide, including China, Brazil, India, the United States, East-South Asia and Latin America, among others. It manages its activities through two branches, one in Belarus and one in Germany. Sil'vinit OAO operates through eight affiliated companies and eight subsidiaries.

BRIEF: For the nine months ended 30 September 2009, Sil'vinit OAO's revenue decreased 46% to RUR23.29B. Net income for the period decreased 51% to RUR12.01B. Revenue reflects decreased demand for the Company's products and services as well as unfavorable market conditions. Net income suffered from lower both gross and operating profit margins mainly due to lower interest income as well as higher other operating expenses.