K+S Q2 profits down due to potash price declines

摘要

Shares in K+S fell sharply after declines in potash prices, worse-than-expected plant outages and weak North American demand for de-icing salt hit profits in the second quarter of 2016. Earnings before interest and taxes is predicted to drop to about ?10 million ($11 million) for Q2, down from ?179.2 million a year earlier, according to a company statement issued June 27.