People & Business :: Companies
Strong Potash and Salt Demand Drive K+S's Earnings Growth
4:52 AM MST | November 11, 2010 | Kerri Walsh
K+S (Kassel, Germany) reported third-quarter operating income of €108.5 million ($149 million), up from €9.4 million in the year-ago period. Sales jumped 52%, to €1.1 billion because of strong fertilizer and salt demand. The inclusion of Morton Salt also contributed to a significant increase in sales and profits, the company says. “The development in our most important business segments potash and magnesium products and salt in the third quarter was better than expected. This has prompted us to raise our earnings forecast for the current...
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