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PotashCorp Q3 profit plunges despite record volumes

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PotashCorp reported earnings of 10-cents-a-share for the third quarter of 2016. That's down from 34-cents-a-share for the same period last year.

By The Canadian Press

SASKATOON -- Potash Corp. of Saskatchewan (TSX:POT) says it achieved record sales volumes for a third quarter, but saw its profit fall from last year due to weaker prices for the three major types of fertilizer that it produces.

The company, which keeps its books in U.S. dollars, said for the three months ended Sept. 30 it earned $81 million or 10 cents per share, including $6 million in costs associated with its proposed merger with Agrium Inc. (TSX:AGU).

In last year's third... // Read Full Article


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