IHS Chemical Week

People & Business :: Earnings/Finance

Strong Potash Demand Boosts K+S's Second-Quarter Results

8:46 AM MDT | August 14, 2012 | Ian Young

K+S Group (Kassel, Germany) reported a 21% increase in operating profits for the second quarter of 2012 compared with the corresponding period of last year, to €220 million ($271.5 million), on sales also up 21%, to €996.5 million. Adjusted group earnings from continued operations increased 17%, to €141 million. Adjusted earnings per share (EPS) from continued operations grew 17.5% year-on-year, to €0.74. The EPS figure is ahead of analysts' consensus estimates of €0.64. Results were boosted by strong growth in K+S's potash and magnesium...

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