Industrial Minerals


K+S earnings drop 93% in Q4

16 March 2010

by Mark Watts

German potash and salt producer reports weak 2009 but sees start of fertiliser recovery

Keywords: K+S, potash, salt, nitrates, Morton, fertiliser

German salt and potash producer K+S Group’s earnings dropped 93% in Q4 2009 to €15.6m. ($21.5m.) as fertiliser demand collapsed year on year.However, the company said there were signs that global fertiliser demand is normalising this year, while the de-icing salt business got off to a good start in 2010.K+S’ revenue increased 11%...