Toronto—Chemtrade Logistics Income Fund reported net earnings of C$60.3 million ($1.48 per unit) on revenues of $880.6 million for the year ending Dec. 31, 2011, up from 2010’s $28.1 million ($.92 per share) on revenues of $558.1 million. EBITDA more than doubled, to $144.8 million from 2010’s $71.3 million. Fourth-quarter earnings were off at $3.6 million ($.09 per unit) on sales of $247.2 million, while EBITDA was up at $32.6 million. This compares to the year-ago $7.9 million, $151.3 million, and $14.1 million, respectively. The fourth-quarter revenue increase was due to higher sulfuric acid and sulfur prices, and higher volumes of sulfuric acid versus the year-ago levels. The results of the quarter and year include the contribution of Marsulex Inc., which was acquired June 24, 2011.
Transparency Across the Fertilizer Value-Chain