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Agrium's Profit Rises on Stronger Sales

10:39 AM MDT | November 3, 2011 | Lindsey Bewley

Agrium reported third-quarter net income of $293 million ($1.85/share), up 380% from the year-ago quarter. Sales were up 52%, to $3.1 billion. The 2011 third quarter results included a pre-tax gain of $1-million on natural gas and other hedge positions and a pre-tax recovery of $46-million on share- based payments expense.   “Results from our retail business were particularly strong this quarter, as we achieved record sales and our second highest earnings for a third quarter,” Mike Wilson, Agrium president and CEO. “We expect the strength...

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