PotashCorp reports record second-quarter earnings per share; potash expansion program totals $492 million
Potash Corporation of Saskatchewan reported record second-quarter earnings of $0.96 per share or $840 million—the second-highest total for any quarter in the company's history and 81 percent above the $0.53 per share ($480 million) earned in the same period last year.
Despite volatility in commodity markets, Potash Corporation of Saskatchewan said that crop economics remained attractive throughout the second quarter, giving farmers the incentive to improve nutrient applications, which resulted in rising fertilizer demand and pricing.
