Thursday, April 27, 2017

Potash Corp posts a profit

Potash Corp of Saskatchewan posted a profit of $149 million for its first quarter, almost double the amount a year ago.

Revenues declined by eight per cent to $1.11-billion, despite a 13.4 per cent increase in potash sales.

The company continues discussions with governments, aiming to complete its purchase of Agrium, the world’s largest retailer of fertilizers. Potash Corp. is the world’s largest potash company.

 “We continue to work through the regulatory process in key jurisdictions and remain confident the transaction will close mid-2017,” said Jochen Tilk, the chief executive officer.