Intrepid Potash Q3 income falls 160% despite increasing sales volumes
Published: Thursday, 30 October 2014
While Intrepid Potash is keen to suggest that its business is resilient to US freighting congestion, a significant swing to a net loss was reported for Q3 2014, on the back of increased operating costs caused by scheduled maintenance and outages caused by strong rainfall in New Mexico, US.
Intrepid Potash Inc., the US fertiliser producer, recorded a
loss of $1.24m for Q3 2014, in a 161% year-on-year (y-o-y) fall
in profits from the $2.03m income recorded in the equivalent
The New York-listed companys adjusted EBITDA* for Q3
was relatively unchanged however, listed as $20.5,...