PotashCorp. Q4 2014 sales rebound from 2013 pricing shock as market recovers
By James Sean Dickson
Published: Thursday, 29 January 2015
A strong Q4 recovery for 2014 relative to 2013 was inevitable, as potash prices rebounded from deep 2013 lows. PotashCorp. is taking a conservative view of 2015, expecting slightly lower shipments than were seen in the record year of 2014.
Net income for Canada-based Potash Corp.
of Saskatchewan (PotashCorp.) has risen by 76% year-on-year
(y-o-y) to $407m for Q4 2014, reflecting a pricing recovery
after a rocky 2013 for potash.
Full year (FY) 2014 net income, however, fell by 14% y-o-y
to $1.5bn, showing that while prices have substantially
recovered from...