Migao Corporation (TSX:MGO), a China-based leading specialty potash fertilizer producer, announced today that it is feeling the negative impacts of weaker demand for fertilizers in China.
Reuters Africa reported that the absence of information on Migao's (TSE:MGO) potash supply deal caused share prices to fall.
Financial Post reported that investors are seeking more information about Migao's (TSE:MGO) potash supply agreement.
Reuters reported that Migao's (TSE:MGO) announcement of a potash payment refund boosted share prices by 10%.
Migao Corporation (TSX:MGO) announced its quarterly earnings of $0.18 per share from sales of $67.0 million for the three-month period ended December 31, 2009, compared to earnings of $0.27 per share from sales of $76.5 million for the same period last year. The press release is quoted as saying: Migao Corporation, through its wholly owned [...]
Migao Corporation (TSX:MGO) announced today that it has received several contracts to deliver 75,000 tonnes of potash fertilizer to customers across China. The orders will be delivered by the end of the year and with existing commitments, will consume all production until the end of 2009. Liu Guocai, Migao’s CEO is quoted as saying: A [...]
Migao Corporation declared that it has not lost a single customer even though it was forced to double the price of its fertilizers last April as the cost of potash soared. Jay Hussey, Migao’s vice-president of corporate finance, believes that’s because the company’s clients – who grow high-value crops like fruit, vegetables and tobacco – [...]
Migao Corporation, after Wednesday’s closing bell, declared sales of $85 million for the three-month period ended March 31, 2009, compared to $35 million for the comparable period last year. For full story, click here
Migao Corporation, a China-based leading specialty potash fertilizer producer, reported that all warrants related to the February 22, 2007 private placement financing have been exercised. For more information, click here
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