PotashCorp. earnings fall 11% as offshore investments fail to deliver
Published: Thursday, 23 October 2014
Though the company said that it saw increased activity from all key markets, earnings fell by 11% as PotashCorp. was hit by weaker contributions from its offshore investments. Despite this, it has revised its full year potash sales upwards, anticipating that the rebound in demand – particularly from Asia and Latin America – will continue.
PotashCorp. of Saskatchewan reported an 11% drop in earnings
for the third quarter of 2014, to $317m, down from $356m the
previous year, as the company was negatively impacted by tax
expenses and weaker contributions from its offshore
Cash from operating activities for Q3 2014 also declined