Phosphate Holdings Inc., the owner of Mississippi Phosphates Corp., reported net income of $857,000 ($0.10 per diluted and basic share) on sales of $78.5 million for the second quarter ending June 30, 2012, up from a year-ago loss of $1.76 million ($0.21 per share) on sales of $80.4 million. While revenues and phosphate sales prices were down, volumes were up during the quarter to 161,045 st from the year-ago 146,213 st. Operating income was also up at $2 million from the year ago loss of $2.6 million.
For more details, see the Green Markets Web-Edition Aug. 17.