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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
PotashCorp's Earnings Soar on Strong Fertilizer Demand
8:27 AM MDT | October 27, 2011 | Lindsey Bewley
PotashCorp of Saskatchewan (PostashCorp) reported third-quarter net income of $826 million, up 140% from the year-ago quarter, on sales up 47%, to $2.3 billion. Results were driven by the push to capitalize on strong crop economics continued to support demand for fertilizer products around the globe. “Fertilizer buyers were caught between two competing forces during the quarter—one being caution driven by global economic uncertainty and the other the continued strength of global fertilizer demand,” says Bill Doyle, president and CEO of...
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