Potash Corp. of Saskatchewan Posts Stronger 2nd Profit Despite Weaker Sales, As Tax Rate Falls
July 28th, 2006Potash Corp. of Saskatchewan Inc. on Thursday posted higher second-quarter profit as sharply lower taxes offset falling sales of its nitrogen, phosphate and potash fertilizers.
The Canada-based fertilizer company said net income increased to $175.1 million, or $1.65 per share, from $164.2 million, or $1.46 per share, in the prior-year period.
A strong Canadian dollar weighed on [...]