Nutrien, one of the world’s largest fertilizer companies, reported second-quarter profit of $392 million compared with $448 million for the same quarter last year.
Sales totaled $10.2 billion US, down from $11.7 billion for the same quarter last year.
It also announced that Mark Thompson will become executive vice-president and chief financial officer effective Aug. 26.
Thompson succeeds Pedro Farah, who will remain with the company in an advisory capacity until the end of 2024.