Potash Corp. of Saskatchewan Inc. reported first-quarter earnings of $149 million ($0.18 per share), up from $75 million ($0.09 per share) generated in the same period of 2016. Sales were down at $1.1 billion from the year-ago $1.21 billion.
“Potash market fundamentals continued to improve in the first quarter, creating a supportive earnings environment,” said PotashCorp President and CEO Jochen Tilk. “We expect improved consumption trends and nutrient affordability in key markets to support potash demand and our results through the remainder of 2017.”