K+S reports strong 4Q quarter
K+S Group reported a 50 percent uptick in Potash/Magnesium operating income for the fourth quarter ending Dec. 31, 2015 to E126 million on revenues of E511 million, compared to the year-ago E84.4 million and E464.5 million, respectively.
“Despite weaker conditions in the potash market, we performed well in 2015 and met our earnings forecast, thanks to our broad product portfolio,” said K+S Board Chairman Norbert Steiner. As a result, the company expects to recommend a 28 percent higher dividend.
Group earnings after taxes were E136.1 million on revenues of E992.6 million up from E67.7 million and E1 billion.
Full-year Potash/Mag was E546.1 million on revenues of E2.1 billion, up from E488.8 million and E1.9 billion.
Full-year company-wide adjusted group earnings were E542.3 million on revenues of E4.17 billion, up from E366.6 million and E3.82 billion.