Hart named Trammo CEO
Trammo Inc. has elected Brent Hart as its CEO. He has been with Trammo some 22 years, serving in many senior capacities in trading and management. He was most recently president of Trammo’s Commodities Division.
All Posts from October 27, 2016
PotashCorp 3Q income off 71 percent
Potash Corp. of Saskatchewan Inc. reported third-quarter net income of $81 million ($0.10 per diluted share) on sales of $1.14 billion, down from the year-ago $282 million ($0.34 per share) and $1.53 billion, respectively.
“With strong engagement in nearly all key potash markets, we achieved record third-quarter sales volumes, and Canpotex is now sold out through the remainder of the year,” said PotashCorp President and CEO Jochen Tilk. “Supported by improved market fundamentals, spot prices have increased by approximately 15 percent from the lows experienced earlier in the year. We will continue with a disciplined approach to our operations and the markets and expect favorable consumption trends and lower inventories to lead to stronger demand in 2017.”
Nine-month net income was $277 million ($0.33 per share) on sales of $3.4 billion, down from the year-ago $1.07 billion ($1.28 per share) and $4.92 billion, respectively.
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