Kasel — Costs crimped K+S Group’s Potash/Magnesium segment during the third quarter ending Sept. 30, 2012, with operating earnings for the segment down 7.3 percent to €158.8 million, versus the year-ago €171.3 million. Sales were up 10.1 percent, to €560.5 million from the year-ago €508.9 million. Salt earnings were off 61.7 percent due to weak restocking, a major factor dragging company-wide earnings down 13.8 percent to €156.7 million on revenues of €916.6 million, versus the year-ago €181.8 million on revenues of €853.5 million. Nine-month Potash/Mag earnings were up 8.9 percent, to €608 million on revenues of €1.81 billion from the year-ago E558.1 million on revenues of E1.59 billion. Company-wide earnings were off 10.5 percent, to €625.3 million on revenues of €2.99 billion, versus the year-ago €698.4 million and €2.97 billion, respectively.
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