Innophos notes downwards fertiliser price pressure as incomes drop 70%

By James Sean Dickson
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 70% year-on-year.

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 said...

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