Regions :: North America :: Canada
PotashCorp reports earnings drop, raises full year guidance
9:46 AM MDT | April 24, 2014 | Lindsay Frost
PotashCorp today reported net income of $340 million for its first quarter, down 38% year-over-year (YOY), with earnings per share of 40 cts/share, rising above analyst estimates of 36 cts/share, according to Thomson Reuters (New York). Earnings include a $69-million special dividend from the company’s investment in Israel Chemicals Ltd. (ICL) and a $38-million charge from its investment in Sinofert Holdings, the company says. Sales of $1.7 billion dropped 19% YOY. "After an especially challenging environment in the second half of 2013, greater demand...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee