Nutrien swings to quarterly loss on weak potash demand

摘要

Nutrien on Tuesday announced its fourth-quarter and full-year 2019 results with a net loss from continuing operations of $48 million in the fourth quarter, including $128 million in charges primarily related to rebranding of its Australian retail business after the Ruralco acquisition, compared with a $296-million proft a year earlier. Adjusted EBITDA in the fourth quarter was down 28% to $664 million on 9% lower sales of $3.44 billion. In full-year 2019, net earnings from continuing operations reached $992 million, compared with a net loss of $33 million in 2018.