PotashCorp 3Q Income Off
Potash Corp. of Saskatchewan Inc. reported third-quarter net income of $53 million ($.06 per diluted share) on sales of $1.23 billion, down from the year-ago $81 million ($0.10 per share) and $1.14 billion. The company took a non-cash impairment charge in its phosphate segment of $0.03 per share.
“With strong customer engagement in all key markets, potash fundamentals continued to improve in the third quarter,” said PotashCorp President and CEO Jochen Tilk. “In this environment, we delivered stronger potash results on record quarterly sales volumes and higher price realizations. Importantly, we expect that the rising consumption trends in place today will continue, with the potential for another record shipment year in 2018.