Low fertiliser prices drive down PotashCorp earnings
Published: Friday, 27 January 2017
Although the company noted stronger demand for potash in the fourth quarter, lower year-on-year prices for both potash and phosphate drove overall income and sales down.
North American potash and phosphate
producer PotashCorp reported net income of $59m in the last
quarter of 2016, down from $201m the previous year.
While sales fell from $1.35bn in Q4 2015 to $1.06bn in the
quarter ended 31 December 2016, gross margins also saw a slump
to $183m in Q4...