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K+S's earnings fall almost 30%; potash market braced for volume, price uncertainty

9:26 AM MDT | August 13, 2013 | Francinia Protti-Alvarez and Ian Young

Potash producer K+S (Kassel, Germany) today reported a 29.4% drop in adjusted group earnings after taxes during the second quarter, to €105.9 million, compared with €150.1 million in the same period last year. Adjusted group earnings stood at €296.1 million in the first half of the year, 13.6% down compared with the first half of 2012. Second-quarter Ebitda fell to €227 million, 17.4% lower than in the second quarter of last year. Revenues were down 12.2% during the second quarter, to €874.5 million, from €996.5 million in the...

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