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3 months ago
Potash Corp's profit nearly doubles on fall in costs
April 27, 2017 / 10:07 AM / 3 months ago

Potash Corp's profit nearly doubles on fall in costs

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April 27 (Reuters) - Potash Corp of Saskatchewan's quarterly profit nearly doubled as lower costs and increased potash sales volumes more than offset weak phosphate prices.

The company's net earnings rose to $149 million, or 18 cents per share, in the first quarter ended March 31, from $75 million, or 9 cents per share, a year earlier.

However, revenue fell 8 percent to $1.11 billion. (Reporting by Swetha Gopinath in Bangalore and Rod Nickel in Winnipeg, Manitoba; Editing by Sriraj Kalluvila)

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