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People & Business :: Companies
Rentech Nitrogen reports lower results on drop in nitrogen prices
1:54 PM MDT | March 11, 2014 | Lindsay Frost
Rentech Nitrogen has announced its fourth-quarter earnings, ended 31 December 2013, today reporting a net loss and revenues down on a “challenging” quarter, heavily impacted by unexpected declines in nitrogen fertilizer prices, the company says. The company reports a net loss of $17.9 million compared with a $17.8-million gain year-on-year (YOY). Earnings per share were at a loss of 45 cts/share, lower than analyst estimates of a loss of 4 cts/share, according to Thomson Reuters (New York). Sales of $54.6 million were down 40% YOY. “2013 was a...
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