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Mosaic reports quarterly loss compared to year-ago profit
May 2, 2017 / 11:00 AM / 8 months ago

Mosaic reports quarterly loss compared to year-ago profit

May 2 (Reuters) - U.S. fertilizer maker Mosaic Co reported a quarterly loss compared to a year-ago profit, partly hurt by lower phosphate and potash prices and an ammonia plant outage.

Mosaic reported a net loss attributable to the company of $900,000, in the first quarter ended March 31, compared with a profit of $256.8 million, a year earlier.

On a per share basis, the company broke even in the latest quarter, compared with a 73 cents profit last year.

Mosaic recorded a $1 million charge in the quarter, compared with a $169 million gain, a year earlier.

Net sales of the world’s largest producer of finished phosphate products fell 5.7 percent to $1.58 billion. (Reporting by Arathy S Nair in Bengaluru; Editing by Shounak Dasgupta)

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