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PotashCorp's Income Falls on Special Items

9:04 AM MDT | July 26, 2012 | Lindsey Bewley

Potash Corp. of Saskatchewan (PotashCorp) reported a second-quarter net income of $522 million (60 cts/share), down 60% from the year-ago quarter, on a $341-million impairment recorded on the company’s investment in Sinofert Holdings and $29 million in items related to PotashCorp’s phosphate segment. Second-quarter Ebitda was nearly even, at $1.4 billion.   “The acceleration in potash demand that took hold at the end of the first quarter allowed us to deploy our capacity, delivering strong results and creating value for our...

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