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K+S reports lower sales and earnings, expects full-year revenues to decline

8:49 AM MDT | August 14, 2014 | Natasha Alperowicz

Potash and magnesium products producer K+S (Kassel, Germany) today reported a 23.4% decline in second-quarter net profit, to €81.1 million ($108.4 million), on sales 10% down, to €785.7 million. Net profit was down mainly because of lower potash prices, the company says. Ebitda was 1.5% lower, at €223.5 million. “Giving the starting position on global potash markets, we had a solid first half of the year. The good salt business in North America and the positive development of our fertilizer specialties were particularly pleasing. We are...

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