Arab Potash sees net profits rise by 35% for Q3

By James Sean Dickson
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.

APC’s CEO,...

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