Potash Investing News » Intrepid Potash Q2 Profit Dipped 24%

Intrepid Potash Q2 Profit Dipped 24%

August 7, 2009 @ 8:06 am In Potash Company News

Fertilizer maker Intrepid Potash Inc posted a 24 percent dip in second-quarter profit, hurt by lower demand.

Chief Executive Bob Jornayvaz stated:

Potash sales volumes continue to be at reduced levels as dealers showed greater hesitancy to refill their inventories and to take on price risk during the second quarter.

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[1] here: http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSBNG44626320090806