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JUL 29 2010
Filed under:
- Brazil,
- China,
- Customers,
- Financial,
- India,
- Investors,
- Markets,
- Nitrogen,
- North America,
- Phosphate,
- Potash,
- Southeast Asia
Saskatoon, Saskatchewan — Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported second-quarter earnings of $1.55 per share1 ($472.0 million), more than double the $0.61 per share ($186.2 million) earned in the same period last year. This result was the second-highest second-quarter total in company history and raised first-half 2010 earnings to $3.02 per share ($921.2 million). Our performance for the quarter reflected the continuing recovery in fertilizer demand and was enhanced by a $69.6 million special dividend (equivalent to approximately $0.17 per share) from our investment in Israel Chemicals Ltd. (ICL) in Israel.
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JUN 15 2010
Filed under:
- Brazil,
- China,
- Customers,
- India,
- Investors,
- Markets,
- Nitrogen,
- North America,
- Phosphate,
- Potash,
- Southeast Asia
The Market Analysis Report provides a concise and up-to-date analysis of the major changes and events that shape the fertilizer industry and affect our markets. The report provides an analysis of key factors that impact agriculture, economy, and industrial and feed markets, as well as factors influencing markets for the three major fertilizer products.
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APR 29 2010
Filed under:
- Brazil,
- China,
- Customers,
- Financial,
- India,
- Investors,
- Markets,
- Nitrogen,
- North America,
- Phosphate,
- Potash,
- Southeast Asia
Saskatoon, Saskatchewan — Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported first-quarter earnings of $1.47 per share1 ($449.2 million), the second highest first-quarter result in company history and a 46 percent increase over the $1.01 per share ($307.4 million) earned in the same period last year. Following an unprecedented decline in fertilizer demand in 2009, buyers returned to the market and purchased more of all three nutrients in the quarter, most notably potash. As a result, our core nutrient generated 72 percent of total first-quarter gross margin of $715.1 million, which was more than triple the $228.1 million in last year’s first quarter. Earnings before interest, taxes, depreciation and amortization2 (EBITDA) of $763.2 million and cash flow prior to working capital changes2 of $587.9 million were up significantly from $290.9 million and $182.9 million, respectively, generated in the same quarter last year.
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MAR 22 2010
Phosphate Chemicals Export Association, Inc. (PhosChem) has reached a three-year agreement to supply six million tonnes of diammonium phosphate (DAP) to Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Indian Potash Limited (IPL), two large Indian customers. PhosChem will ship approximately two million tonnes annually under the multi-year contract. Shipments will occur over the period of April 2010 through March 2013. Shipments for the first year of the contract are at a fixed market competitive price.
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MAR 10 2010
Filed under:
- Brazil,
- China,
- Customers,
- India,
- Investors,
- Markets,
- Nitrogen,
- North America,
- Phosphate,
- Potash,
- Southeast Asia
The Market Analysis Report provides a concise and up-to-date analysis of the major changes and events that shape the fertilizer industry and affect our markets. The report provides an analysis of key factors that impact agriculture, economy, and industrial and feed markets, as well as factors influencing markets for the three major fertilizer products.
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FEB 19 2010
Canpotex has concluded a new second-quarter supply contract to India covering shipments through June 2010 at a contract price of US $370.00/MT CFR. This new contract, totaling approximately 600,000 MT, is with a consortium of buyers which includes Coromandel International Limited and Tata Chemicals Limited.
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JAN 28 2010
Filed under:
- Brazil,
- China,
- Customers,
- Financial,
- India,
- Investors,
- Markets,
- Nitrogen,
- North America,
- Phosphate,
- Potash,
- Southeast Asia
Saskatoon, Saskatchewan – Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported fourth-quarter earnings of $0.80 per share1 ($243.6 million), which compared to $2.56 per share ($788.0 million) in the same period last year. Full-year 2009 earnings of $3.25 per share ($987.8 million) were the third highest in company history but below the record $11.01 per share ($3.5 billion) earned in 2008, reflecting the impact of the global economic downturn – especially on potash sales volumes and prices for potash, phosphate and nitrogen products.
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OCT 22 2009
Filed under:
- Brazil,
- China,
- Customers,
- Financial,
- India,
- Investors,
- Markets,
- Nitrogen,
- North America,
- Phosphate,
- Potash,
- Southeast Asia
Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported third-quarter earnings of $0.82 per share1, or $248.8 million, compared to $3.93 per share, or $1.2 billion, in the same period last year. This result raised year-to-date earnings to $2.45 per share, or $744.2 million. The quarter-over-quarter decline reflects the continuing caution among fertilizer buyers around the world, which has negatively affected sales volumes and prices for all three nutrients. Despite substantially lower volumes, potash generated 73 percent of our total third-quarter gross margin of $346.2 million, compared to 52 percent of $1.7 billion in the same period last year, and raised our year-to-date total to $746.4 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) of $441.8 million and cash flow prior to working capital changes of $359.8 million were both significantly lower on a quarter-over-quarter basis2. EBITDA for the first nine months of 2009 reached $1.1 billion and cash flow prior to working capital changes totaled $847.4 million.
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JUL 23 2009
Filed under:
- Brazil,
- China,
- Customers,
- Financial,
- India,
- Investors,
- Markets,
- Nitrogen,
- North America,
- Phosphate,
- Potash
Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported second-quarter earnings of $0.62 per share1 ($187.1 million) compared to $2.82 per share ($905.1 million) in the same quarter last year. Fertilizer buyers continued to be extremely cautious in the wake of the global economic downturn, creating an unprecedented decline in potash and phosphate sales volumes as well as phosphate and nitrogen prices. In this environment, second-quarter gross margin fell to $170.6 million – with approximately two-thirds of that generated by potash – compared to $1.4 billion in the same period last year. Earnings before interest, taxes, depreciation and amortization2 of $355.9 million and cash flow prior to working capital changes2 of $304.7 million were also down compared to the same quarter in 2008.
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APR 23 2009
Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced first-quarter earnings of $1.02 per share1, or $308.3 million, our second-highest first quarter ever. This result compares to $1.74 per share, or $566.0 million, earned in last year's record first quarter. It was achieved largely on the strength of potash pricing, as sales volumes declined for all three nutrients and prices for nitrogen products and solid phosphate fertilizer weakened substantially. Tax adjustments, of which approximately $95.0 million was included in our initial guidance, added $166.8 million ($0.55 per share) to first-quarter earnings.