Don’t expect significant changes now that Don Phillips has been elected Chairman of PotashCorp’s board of directors. In the words of William J. Doyle - President and Chief Executive Officer, PotashCorp will follow the same steady path that has led it to the top of its industry.“Don’s been with us every step of the way over the past nine years,” said Doyle, “and his experience and insight have earned the respect of everyone on our board. He’s always been an excellent resource for those of us on the board and in senior management and I know he’ll continue to help us achieve the goals we’ve set for this Company.”Phillips was elected to succeed C. E. (Chuck) Childers by the board at a meeting on November 21, 2000. Childers retired as PotashCorp’s CEO in 1999 and completed his service to the Company by retiring as Chairman.Phillips, who has served on PotashCorp’s board since 1991, says the Company will continue to follow the same principles that have made it the world’s largest fertilizer enterprise.“We have an outstanding senior management team with a proven ability to lead our Company,” said Phillips. “Our board will continue to support their efforts to keep PotashCorp as the leader in our industry and a blue-chip investment for our shareholders.”
SASKATOON PRNewswire - Potash Corporation of Saskatchewan Inc. today announced that at its Board of Directors meeting on November 21, 2000, Mr. Donald E. Phillips was elected Chairman of the Board, filling the vacancy created by Mr. C. E. Childers who has, for personal reasons, chosen to retire from the Board and end his other responsibilities with the Corporation.
SASKATOON, SK PRNewswire – Significantly higher nitrogen prices, combined with record third-quarter potash sales volumes, raised Potash Corporation of Saskatchewan Inc. third-quarter net income to $46.4 million, or $0.89 per share. During the same quarter last year, the Company's net income from continuing operations was $14.5 million, or $0.27 per share. Including all one-time charges, the net loss for third-quarter 1999 was $(524.2) million or $(9.66) per share. In third-quarter 2000, net sales revenue was $542.7 million while gross margin increased 82 percent on a quarter-over-quarter basis to $120.5 million. PotashCorp's third-quarter performance increased its year-to-date gross margin by 14 percent.
SASKATOON, SK PRNewswire – (TSE, NYSE: POT) – Potash Corporation of Saskatchewan Inc. (PCS) announced today that higher nitrogen prices, a well- hedged natural gas position and strong offshore potash sales volumes will significantly improve third-quarter earnings compared to earnings from continuing operations in the same quarter last year.
SASKATOON PRNewswire – Potash Corporation of Saskatchewan Inc. (PCS) announced today that its Board of Directors has declared a quarterly dividend of US $0.25 per share payable November 15, 2000 to shareholders of record October 25, 2000.
SASKATOON, SK CNW-PRN – Higher nitrogen prices and strong potash volumes helped boost Potash Corporation of Saskatchewan Inc. second-quarter net income to $60.1 million, or $1.15 per share. This compares to $61.8 million, or $1.14 per share, for the same quarter of 1999. Net sales revenue was $560.8 million and operating income was $97.2 million in this year's second quarter, similar to the same quarter of 1999 ($564.5 million and $96.3 million, respectively). Exclusive of a non-recurring item recorded in the first quarter, the Company earned $2.18 per share in this year's first half, surpassing last year's earnings of $1.87 per share by 17 percent.
SASKATOON CNW-PRN – (POT – TSE, NYSE) – Potash Corporation of Saskatchewan Inc. (PCS) today announced that its subsidiary, PCS Nitrogen Trinidad Limited, has reached agreement on the principal terms for a new, multi-year natural gas supply contract for its 01 and 02 ammonia production facilities. Details of the contract with National Gas Company of Trinidad and Tobago Limited are subject to a confidentiality agreement. However, the Company is satisfied that the agreement not only improves its cost position from the previous contract, but makes it competitive on a global basis.
SASKATOON CNW-PRN – Potash Corporation of Saskatchewan Inc. announced today that its Board of Directors has declared a quarterly dividend of US $0.25 per share payable August 15, 2000 to shareholders of record July 25, 2000.
SASKATOON, SK CNW-PRN – Record potash volumes, higher nitrogen prices and lower phosphate costs produced first-quarter net income of $55.3 million, or $1.04 per share, for Potash Corporation of Saskatchewan Inc., before a one-time gain of $16.3 million on the disposal of its potash operation at Moab, Utah. This compares to $39.5 million, or $0.73 per share, for the same quarter of 1999. Including the one-time gain, net income for the first quarter was a record $71.6 million, or $1.34 per share. Net sales revenue was $590.6 million compared to $549.3 million in the same quarter of 1999, an 8-percent increase.
SASKATOON, SK /CNW-PRN/ - Potash Corporation of Saskatchewan Inc. (PCS) announced that Canpotex Limited (Canpotex) today confirmed that it has reached agreement with JSC Uralkali (Uralkali), a Russian potash producer, to form a joint marketing arrangement in certain offshore markets. The agreement is subject to approval of the respective Boards of Directors of Canpotex and Uralkali. If approved, the arrangement is anticipated to be fully implemented by January 1, 2001, after Uralkali's current commitments to International Potash Company have expired.