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DEC 2 2002
SASKATOON, SK PRNewswire-FirstCall – Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that Canpotex Limited, the offshore sales agency for Saskatchewan potash producers, has concluded negotiations for a 1.5 million tonne contract with Sinochem in China. This 2003 sale of Saskatchewan potash was concluded at flat pricing. PotashCorp also announced that, due to a number of factors, it expects 2002 full-year results will be lower than anticipated. The company now believes that fully diluted earnings per share will be in the range of US $1.00 to $1.10 compared to its previous guidance of $1.20. Cash flow is expected to remain strong at approximately $5.70 per share.
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NOV 20 2002
SASKATOON, SK CNW – Potash Corporation of Saskatchewan Inc. announced today that its Board of Directors has declared a quarterly dividend of US $0.25 per share payable February 14, 2003 to shareholders of record January 24, 2003.
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OCT 23 2002
SASKATOON, SK PRNewswire-FirstCall via COMTEX – Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported third-quarter diluted net income per share of $0.28, a 33 percent increase over the $0.21 per share earned in the same quarter a year ago. The greater profitability was primarily due to improving conditions in nitrogen. Third-quarter cash flow(1) was $1.29 per diluted share, a 13 percent increase over last year's $1.14 per share. Earnings before interest, taxes, depreciation and amortization (EBITDA(2) ) was $98.7 million in the third quarter of 2002, 11 percent better than the $89.0 million reported in the third quarter of 2001.
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SEP 20 2002
SASKATOON, SK PRNewswire-FirstCall via COMTEX – Potash Corporation of Saskatchewan Inc. announced today that its Board of Directors has declared a quarterly dividend of US $0.25 per share payable November 15, 2002 to shareholders of record October 25, 2002.
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SEP 10 2002
SASKATOON, SK PRNewswire-FirstCall via COMTEX – Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that its wholly owned subsidiary, PCS Nitrogen, Inc., has agreed to conclude the federal grand jury investigation and parallel state investigations of its Geismar, Louisiana facility by pleading guilty to one felony violation of the Clean Air Act in the United States District Court for the Middle District of Louisiana and one felony violation of analogous state law in each of the Eighteenth and Twenty- third Judicial Districts of the State of Louisiana. The Company also has agreed to pay a fine of $US 1.75 million to the U.S. government and $125,000 to each of the two state judicial districts. The amount of the fines is covered by a provision recorded in the second quarter of 2002.
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JUL 25 2002
SASKATOON, SK Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported second-quarter net income of $US 11.9 million or diluted earnings per share of $0.23. The main factors in the reduction from the $0.83 per share earned in last year's second quarter were lower nitrogen prices and margins.
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JUN 14 2002
SASKATOON, SK /PRNewswire-FirstCall via COMTEX/ – Potash Corporation of Saskatchewan Inc. (PotashCorp) announced today that it expects its 2002 second- quarter and full year results will be lower than anticipated. The company now believes that second-quarter fully diluted earnings will be in the range of $0.20 per share with full-year earnings in the range of $1.40 per share. Previous guidance was $0.50 per share for the second quarter and $2.00 per share for 2002. Reduced earnings expectations are attributable to a stronger Canadian dollar, a poor spring domestic season and lower than previously anticipated natural gas prices.
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MAY 8 2002
SASKATOON, SK PRNewswire-FirstCall via COMTEX 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, 2002 to shareholders of record July 25, 2002.
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APR 24 2002
SASKATOON PRNewswire-FirstCall via COMTEX Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported first-quarter net income of $12.8 million or diluted earnings per share of $0.24. Increased offshore potash sales volumes were more than offset by lower nitrogen prices, the result of a precipitous drop in natural gas prices compared to first-quarter 2001 when record nitrogen revenues drove earnings of $62.4 million or $1.19 per diluted share. Cash flow(1) of $1.41 per diluted share fared better, dropping only 41 percent in this year's first quarter, compared to $2.40 in the same quarter of 2001. Earnings before interest, taxes, depreciation and amortization (EBITDA(2) ) totaled $94.2 million, compared to $161.8 million in the first quarter of 2001.
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MAR 15 2002
SASKATOON, SK PRNewswire-FirstCall via COMTEX Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported that Canpotex Limited has concluded a 1.3 million tonne contract for Canadian-sourced potash shipments to Sinochem in China. The sale covers shipments through July 2002 and is at price levels unchanged from last year.