Toronto — Chemtrade Logistics Income Fund reported net income of C$8.5 million on sales of $227.5 million for the second quarter ending June 30, 2012, down from the year-ago $35.6 million on sales of $195.2 million. The lower earnings resulted primarily from an income tax recovery of $37.5 million in the year-ago quarter. Sales were up due to acquired assets, as well as increased volumes and prices for sulfuric acid in North America. Six-month income was $12.7 million on sales of $455.4 million, down from the year-ago $49 million on sales of $364.8 million.
Transparency Across the Fertilizer Value-Chain