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Markets :: Fine Chemicals/Biotech :: Agricultural chemicals
PotashCorp’s Earnings Double; Announces Stock Split
12:12 PM MST | January 27, 2011 | Vincent Valk and Nancy Seewald
Potash Corp. of Saskatchewan (PotashCorp) reported fourth-quarter earnings of $482.3 million, more than double earnings in the same period of 2009. The company cites “significantly improved demand and strong price momentum across all three nutrients.” Sales rose 65%, to $1.8 billion. PotashCorp says potash volumes more than doubled from last year, to 1.6 million m.t., due to “robust” global demand in most regions. Phosphate volumes rose 13%, to 1 million m.t., on strong domestic demand and higher production levels. Nitrogen volumes rose...
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