Potash Corp. of Saskatchewan Inc. posted first quarter earnings of $556 million ($0.63 per diluted share) on sales of $2.1 billion, up 13 percent from the year-ago $491 million ($0.56 per share) on sales of $1.74 billion.
“With farmers around the world motivated to capitalize on the link between fertility and profitability, the first quarter gave us an opportunity to demonstrate our ability to deliver,” said PotashCorp President and Chief Executive Officer Bill Doyle. “We had significant growth in our potash performance as global buyers returned to the market in earnest after taking a brief pause late in 2012. This environment enabled us to deliver earnings near the top end of our guidance and laid the foundation for what we believe will be a successful year.”