PotashCorp 3Q income off 11 percent
Potash Corp. of Saskatchewan Inc. reported net income of $317 million ($0.38 per diluted share) on sales of $1.64 billion for the third quarter ending Sept. 30, 2014, down from the year-ago $356 million ($0.41 per share) and $1.52 billion, respectively.
Third-quarter margins were up for both potash and nitrogen, but were down for phosphates.
Citing good potash and nitrogen demand as well as prices, the company was upbeat as to the near term markets for those products. It increased its annual potash sales volumes estimate to 9.0-9.2 million mt.