Amman — Arab Potash Corp. (APC) reported an increase in revenues and a decline in net profits in the second quarter. APC said revenues totaled $236.8 million versus the year-ago $224.84 million, while net profits fell to $74.9 million versus $92.1 million. The second-quarter average potash price was $403/mt, down from the year-ago $471/mt. Potash production totaled 510,000 mt versus 403,000 mt, while sales volumes were 586,000 mt compared to the year-ago 496,000 mt. APC attributed the rise to increased sales to India, Indonesia, and Malaysia, which more than offset the decline in shipments to China. APC also reported sales of 35,100 mt of potassium nitrate and dicalcium phosphate during the second quarter.
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