K+S fourth-quarter earnings down 12%

K+S reported adjusted group fourth-quarter earnings of €131.6 million ($171.1), about 12% lower than the year-ago quarter. At €183.2 million, operating earnings also fell 12% below the previous year. Sales dropped about 8%, to €941.6 million. The potash and magnesium activities accounted for just over half of the total sales revenue during the quarter, at €478.7 million. This was followed by the salt activities, which generated €420.1 million. The absence of contracts of North American and Russian potash producers to be concluded...

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