Arab Potash Co. Q3 net profit falls by 42% as costs rise

By James Sean Dickson
Published: Monday, 03 November 2014

Lower potash prices and increased energy costs are still affecting the Arab Potash Co.’s revenue streams. In line with the rest of the industry, the company has been increasing production and sales volumes to refill depleted potash stockpiles and maintain profitability.

Jordan-based Arab Potash Co. (APC) reported a year-on-year (y-o-y) fall in its net income of 41.8% to Jordanian dinar (JD) 69.7m ($98.4m*), citing rising production costs and lower sales prices as being behind the reduced profitability of its operations.

The company sold 25% more potash than was...

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