Agrium’s Second-Quarter Earnings Soar

Agrium’s second-quarter net income more than doubled, to $636 million ($4/share), on sales up 90%, to $3.8 billion. The recent UAP acquisition is estimated to have contributed about 70 cts/share for the reported period of May 5 to June 30, 2008, Agrium says. Sales and profits were up across all business units because of higher volumes and selling prices. The impact of the UAP deal helped to raise the retail division’s results, Agrium...

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