Agrium Q3 profits fall due to facility turnarounds, lower potash prices and application rates
Published: Tuesday, 04 November 2014
Agrium has been largely shielded from price instability following the Belarusian Potash Co. split because of its diversified income stream. The y-o-y potash revenue fall is significant, but is largely due to facility upgrades lowering output. Phosphates had opposite fortunes, growing strongly for the business.
Canada-based fertiliser producer Agrium Inc. has reported a
year-on-year (y-o-y) Q3 net earnings fall of 34.2% to C$50m
($43.94m*), as low crop prices hit both its potash and
Agriums consolidated net earnings from continuous
operations for Q3 2014 rose by 13.75% however, to C$91m,