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K+S posts increased sales, lower operating profits

5:19 AM MST | November 13, 2012 | Sotirios Frantzanas

K+S Group (Kassel, Germany) says sales in the third quarter of 2012 increased 7.4%, to €916.6 million ($1.16 billion), compared with €853.5 million in the prior-year period. The increase in sales is attributed to increased sales volumes in the potash and magnesium products business segment, and to favorable currency rates in the potash and magnesium products and salt business segments, the company says. Adjusted net profits in the third quarter of 2012, including net income of €66 million from the divestment of the K+S Nitrogen business, increased...

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