Innophos notes downwards fertiliser price pressure as incomes drop 70%
Published: Wednesday, 04 November 2015
The US-based phosphate supplier has, alongside a number of other fertiliser producers, acknowledged bearish sentiment in phosphate markets leading up to the end of 2015. Company earnings dropped by 70% y-o-y for Q3 2015.
New Jersey, US-based Innophos Holdings
Inc. reported a net income of $5.4m for Q3 2015, down just over
Net sales, meanwhile, held relatively
steady at $199.6m, down 4.4% from Q3 2014.
Randy Gress, Innophos’ CEO, noted that the
business was operating under margin compression, but