Cranbury, N.J.-Specialty phosphate producer Innophos Holdings Inc. saw an increase in both revenues and losses for the second quarter ending June 30, 2007. Losses were $5.2 million on sales of $151.9 million, versus the year-ago loss of $1.8 million and sales of $139.3 million. One-time charges helped boost the losses, including $6.8 million of expenses related to the ending of an agency cancellation agreement with Rhodia Inc., as well as secondary offering preparation costs. There was also a $2 million charge for a tax settlement in Mexico. Six-month losses were $7.2 million on sales of $288.6 million, versus the year-ago loss of $3.1 million on sales of $269.6 million.
Transparency Across the Fertilizer Value-Chain