Mosaic triples Q2 profit driven by phosphate prices, volumes
Published: Wednesday, 05 January 2011
US company reports improved volumes for potash but prices slump year on year
US potash and phosphate producer Mosaic Co. tripled profits
in its fiscal second quarter driven by higher prices and
volumes in its phosphate business.
Mosaic posted operating profits of $658.2m. in the three
months ending 30 November compared with $200.1m. in the
prior-year period, while sales rose 59% to $2.7bn....