PotashCorp 1Q income off 39 percent

摘要

Potash Corp. of Saskatchewan Inc. reported a 39 percent drop in first-quarter net income, to $340 million ($0.40 per diluted share)on sales of $1.68 billion, compared to the year-ago $556 million ($0.63 per share) on sales of $2.1 billion. While earnings were down, they exceeded earlier PotashCorp guidance of $0.30-$0.35, as well as analyst projections. One special factor was a $69 million ($0.06 per share) special dividend from PotashCorp'sstake in Israel Chemicals Ltd., which was partially offset by a $38 million ($0.04 per share) on-cash impairment related to the company's investment in Sinofert Holdings Ltd.