Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
Mosaic earnings up despite flat sales on low international volumes
11:06 AM MST | January 4, 2013 | Lindsay Frost
Mosaic reported a slight gain in net earnings, but a drop in sales for its fiscal second quarter, ended 30 November. Net earnings of $629 million were less than 1% higher than the same year-ago quarter—with earnings per share reported as $1.47. Operating earnings were down 30%, to $560 million, year-on-year (YOY) primarily because of lower phosphate volumes and margins, the company says. Net sales for the quarter were $2.5 billion, down 17% YOY—also because of lower phosphate volumes, as well as potash volumes and lower phosphate prices. "Farmers...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee