PotashCorp net income falls by 11%, potash gains offset by phosphate
Published: Friday, 31 October 2014
PotashCorp’s earnings remained strong despite its income fall, which was mainly caused by production and commodity independent factors. The potash sector of the company has improved in line with expectations, following the steady realignment of potash markets from the uncertainty of 2013.
Potash Corp. of Saskatchewan (PotashCorp.) saw its net
income fall by 11% year-on-year (y-o-y) to $317m in Q3 2013,
down from $356m for Q3 2013.
The companys CEO, Jochen Tilk said that the main
reasons for the slight fall were weaker contributions
from our offshore investments, higher financing cost[s]