K+S reports best 1Q; earnings may triple in 2008

Kassel, Germany-The K+S Group says the first quarter ending March 31, 2008, was the best first quarter in its history. Operating earnings were E226.3 million on revenues of E1.2 billion, up from the year-ago E103.3 million and E944.7 million, respectively. Earnings after taxes moved up to E162.6 million from the year-ago E62.6 million. Citing higher potash and nitrogen prices, the company said operating earnings (EBIT) may triple for the year 2008.