Intrepid Potash Inc., Denver, reported a first-quarter net loss of $7.4 million on sales of $64 million, compared to a year-ago net income of $6.1 million and $57.5 million, respectively. The company said the loss was driven by a one-time litigation settlement. The company reported the accrual of a $10 million settlement payment related to litigation with The Mosaic Co., which was partially offset by a gain of $4.7 million on the restricted sale of 320 acres of fee land at the Intrepid South property.
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