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PotashCorp Earnings Skyrocket

by WebMaster
April 30, 2010
in Business, Press Release
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April 29, 2010 – Canadian mineral and mining company PotashCorp reported its second-highest Q1 earnings in company history, with earnings of $1.47 per share — a 46% increase over Q1 2009.

Sales of potash spiked as fertilizer demand fizzled, and the nutrient was responsible for generating 72% of PotashCorp’s Q1 gross margin of $715.1 million.

PotashCorp President and CEO Bill Doyle said, “With soil nutrient shortfalls created by nearly 18 months of substantially reduced fertilizer consumption, farmers began to resume the more scientifically sound fertilization practices essential to sustain crop production.”

Read more at Mining Industry Today:
PotashCorp news – http://mining.einnews.com/news/potash-corp

Located at http://mining.einnews.com, Mining Industry Today is a service of EIN News, a global news monitoring service for researchers and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers the latest mining news from more than 7,000 news sites from around the world. Membership includes news delivery in Email and RSS formats. New members to Mining Industry Today can enjoy a no-obligation, 7-day trial.

About EIN Presswire
The EIN Presswire press release service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals through more than 90 industry channels. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the press release live feed at http://www.einpresswire.com and the latest world news at http://www.einnews.com.

WebMaster

WebMaster

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