German fertilizer and salt company K+S AG predicted full-year earnings would slip sharply and lowered its sales volume outlook after operating profit plummeted in the second quarter. For full story, click here
This week, fertilizer giant Potash delivered weaker than expected earnings for the second quarter of 2009. For full story, click here
Fertilizer giant Potash Corporation of Saskatchewan declared second-quarter net earnings of $187.1 million, or 62 cents a share, dip from $905.1 million, or $2.82 a share, in the same period last year. For full story, click here
Potash Corp of Saskatchewan Inc, the world’s leading fertilizer producer, cut its second-quarter earnings targets on Thursday, due to substantially lower than expected potash sales volumes, sending shares down 7.8 percent in after-market trade. For full story, click here
K+S dipped 21 percent, the worst performance in the Stoxx 600, after Europe’s leading producer of potash used in fertilizers declared that it expects further significant reduction in revenue and earnings this year. For full story, click here
Agrium Inc. has posted a loss in the first quarter on non-recurring items, though the adjusted earnings were well below the year-earlier level. For full story, click here
Potash Corporation of Saskatchewan Inc. declared first-quarter earnings of $1.02 per share, or $308.3 million, our second-highest first quarter ever. For full story, click here
K+S AG, Europe’s largest producer of potash used in fertilizers, forecast “significantly” lower earnings this year after demand dropped for the crop nutrient potash and magnesium products. Christian Faitz, a Frankfurt-based analyst at Sal. Oppenheim Jr & Cie, said: There’s a clear buyers strike in the market. For full story, click here
Potash Corporation of Saskatchewan Inc. cut its earnings forecast for 2008 Friday as sagging fertilizer demand conspired to chop the company’s financial fortunes. Saskatoon-based Potash now says it will make about $10.75 US a share for 2008. For full story, click here
The company’s fourth-quarter earnings are expected to be the third-highest in its history (behind only the second and third quarter 2008) and full-year 2008 earnings will be the fifth consecutive record year and should be more than triple the $3.40 per share earned in 2007. For full story, click here
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