IHS Chemical Week

World News and Views :: Top of the News

Lower Selling Prices, Decreased Potash Sales Volumes Drive Down PotashCorp's Earnings

6:08 AM MST | January 28, 2010 | Kerri Walsh

 PotashCorp's fourth-quarter net income dropped 69%, to $243.6 million (80 cts/share) because of lower selling prices for potash, phosphate, and nitrogen. Selling prices decreased because customers were resistant to commit to inventory restocking, Potash says. A fall in potash sales volumes, especially from offshore markets, also led to the decline in earnings, Potash says. The consensus of analysts estimates as reported by Thomson Reuters was for 78 cts/share. Sales fell 41%, to about $1.1 billion. The fourth quarter marked the "beginning of...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa