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Soaring Potash Prices Prompt K+S to Raise Earnings Guidance

November 4, 2010 | Ian Young

K+S (Kassel, Germany), Europe's biggest producer of potash, says its third-quarter 2010 operating profits increased 11 fold compared with the same period of last year, to €108.5 million on sales up 52%, to €1.1 billion. K+S raised its full-year 2010 operating-profit forecast to €630 million-€670 million from a prediction of €550 million-€600 million made in August 2010, on the back of the results. K+S is also the world's biggest producer of salt. "Conditions on global fertilizer markets have improved continuously and...

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