PotashCorp 1Q income off 33 percent; company says 20 may break earning records

摘要

After a 33 percent drop in first-quarter net income due to a lull in potash sales, Potash Corp. of Saskatchewan Inc. President and CEO Bill Doyle said buyers are now fully engaged. "Despite a just-in-time buying pattern that slowed demand in recent months, fertilizer buyers are now fully engaged and demand for our products, especially potash, is expected to improve as the year progresses." The company said that while the initial focus for many buyers was to acquire nitrogen, that the purchasing of potash and phosphates accelerated as the industry moved into the second quarter.