Potash Corporation of Saskatchewan, the world’s biggest fertiliser producer by capacity, lifted second-quarter earnings by 75 per cent as crop-nutrient prices were lifted by sturdy demand and concerns about future supplies.
The earnings increase exceeded analysts’ forecasts and the company also lifted its full-year profit target. It now expects earnings of between $3.40 and $3.80 a share, up from the previous projection of $3 to $3.40.
Second-quarter earnings reached $840m, or 96 cents a share, the second highest on record and up from $480m, or 53 cents, a year earlier.
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