Amman—Arab Potash Co. (APC) reported a 31 percent increase in full-year 2015 net profit after taxes, provisions, and royalties, to JD131 million ($184.1 million), up from JD99.7 million in the previous year. APC Chairman Jamal Al Sarayreh said cost management policies, coupled with the rise in global potash prices during the first half of the year and increased production volume, raised the company’s profit margin to 40 percent in 2015 from 26 percent in 2014, resulting in increased profits despite lower year-on-year sales volumes and revenues. Potash production increased 12.6 percent to 2.355 million mt, up from 2.091 million mt in 2014, while sales volumes fell 2.2 percent to 2.189 million mt in 2015 from 2.239 million mt. APC did not disclose any revenue figures for full-year 2015.
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