Toronto — Chemtrade Logistics Income Fund reported third-quarter net earnings of C$18.5 million ($0.09 per diluted unit) on sales of $364.4 million, up from the year-ago $11.8 million ($0.19 per unit) on sales of $314 million. Total comprehensive income, spurred on by positive foreign currency translations, was $81.2 million, up from the year-ago $61.6 million. Chemtrade said significantly higher volumes of regenerated sulfuric acid and ultra-pure acid more than offset some weakness experienced by a few other products. Fourth-quarter results are expected to see a typical seasonal slowdown, as well as a two-month turnaround at one of Chemtrade’s largest regen customers that occurs once every five years. Nine-month net earnings were $32.5 million ($0.37 per unit) on revenues of $1.03 billion, up from the year-ago $31.1 million ($0.53 per unit) and $890.1 million, respectively. Total comprehensive income was $160.3 million, up from the year-ago $66.2 million.
Transparency Across the Fertilizer Value-Chain