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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 16 2002
An increasing world population and growing demand for food are making it more important than ever that the world's farmers follow proper fertilization techniques and replace soil nutrients.Speaking at the PotashCorp's annual and special meeting on May 9, William J. Doyle - President and CEO said the company is ready to meet that growing demand."What we do at PotashCorp is help meet one of the most basic needs we have as human beings - the need for food," said Doyle. "Only three percent of the earth's surface is suitable for crop production. We have to take care of that three percent, nurture it, and replace the potash, phosphate and nitrogen used by crop production."The world is depending on us and PotashCorp is ready to accept that challenge."Low prices for some crop commodities led to farmers using less fertilizer last year, which tested companies in the industry. PotashCorp's diversity in fertilizer, feed and industrial products provided some shelter, even during a down cycle in the fertilizer sector."These tough market conditions showed the true strength of our company," said Doyle. "As many companies struggle with an industry depression, PotashCorp stands out. We were the only publicly traded North American company in our industry to remain profitable last year."People Make The DifferenceIn addition to reviewing the company's performance and current market conditions, Doyle recognized the efforts of PotashCorp's employees around the world. He pointed to a number of real examples of individuals improving the company's performance."PotashCorp shares a relationship of trust with our employees," said Doyle. "and we are rewarded as they take ownership of their jobs, making a difference in the way we do business."Included in the meeting was the election of PotashCorp's Board of Directors. One new director, Wade Fetzer III, was elected to the Board. Fetzer replaces Barrie Wigmore, who stepped down after serving as a director since 1989.Fetzer, 64, is an advisory director with the investment banking firm of Goldman Sachs. He sits on the boards of Serologicals Corporation, Sphere Communications and Northern Star Broadcasting. He is also on the boards of the University of Wisconsin Foundation, the Kellogg Alumni Advisory Board and Rush-Presbyterian St. Luke's Medical Center.
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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
Filed under:
- China,
- Customers,
- Financial,
- India,
- Investors,
- Latin America,
- Markets,
- Nitrogen,
- North America,
- Other Asia,
- Phosphate,
- Potash
Increased offshore potash sales volumes were more than offset by lower nitrogen prices, as PotashCorp reported first-quarter net income of $12.8 million or diluted earnings per share of $0.24.