Arab Potash sees net profits rise by 35% for Q3
Published: Tuesday, 03 November 2015
The outlook for global potash prices may be weak, but prices in Q3 2015 were still up y-o-y. This, combined with lower operating costs and lower fuel costs, led to Arab Potash’s improved performance.
Amman, Jordan-based Arab Potash Co. (APC)
booked a net income of Jordanian dinar (JD) 96m ($135.3m*) for
Q3 2015, up 37% year-on-year (y-o-y).
Per-tonne production costs were reduced
through the deferral of salt dredging activities, production
efficiencies and cost management, APC’s chairman,
Jamal al Sarayreh, said.