KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Monday, August 08, 2022
© 2022 U-S-NEWS.COM
Online Readers: 339
New York: Monday, August 08, 2022
Online: 318
Donald Trump's new social media platform "TRUTH Social" Join the Waiting List - Click here
tagreuters.com2022binary_LYNXMPEI70132-VIEWIMAGE

MONEY & BUSINESS: Mosaic posts higher second-quarter profits

Website 👉 https://u-s-news.com/
Telegram 👉 https://t.me/usnewscom_channel

By Ruhi Soni

(Reuters) -Mosaic Co posted higher second-quarter profit on Monday as a global fertilizer shortage drove up prices of crop nutrients.

Companies such as Mosaic are benefiting from sanctions on Russia and Belarus, the world’s No.2 and 3 fertilizer suppliers. Russia produces 13% of the world’s fertilizers that contain potash, phosphate and nitrogen.

The sanctions have worsened global supply shortfalls of crucial crop nutrients and sent their prices soaring. During the April-June quarter, prices of these nutrients approached levels not seen since the 2008 food crisis, when the prices had hit an all-time high.

Mosaic, the world’s largest producer of finished phosphate products, said net sales in its phosphates segment grew to $1.8 billion from last year’s $1.2 billion.

Net earnings attributable to the world’s fourth-biggest fertilizer producer more than doubled to $1.04 billion, or $2.85 a share, in the quarter ended June 30, from $437.2 million, or $1.14 per share, a year ago.

CF Industries Holdings Inc, which overtook Mosaic in market capitalization during the quarter to become the world’s third-biggest fertilizer maker, posted record quarterly profits.

Net income attributable to CF was $1.17 billion, or $5.58 a share, in the quarter ended June 30, from last year’s $246 million, or $1.14 per share.

(Reporting by Ruhi Soni in Bengaluru; Editing by Krishna Chandra Eluri)





Source link

(Visited 2 times, 1 visits today)
KNOWLEDGE is POWER / REAL NEWS is KEY
Woke & Liberal News is Fake News
You will find it on:
CNN - CBS - MSNBC - ABC - The New York Times - The Washington Post - Facebook - Twitter and more
They ALL SUCKS and simply DO NOT tell you the truth PERIOD

WARNING! If you usually get your news from one of these so-called "News Services" Welcome to you, but be prepared for big surprises!
eg. 2+2 is not 5 or 22 but 4 - There is not 57 different genders, only 2
KNOWLEDGE is POWER / REAL NEWS is KEY
Help your friends, family and the truth by sharing this article.

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vd3d3LmJpdGNodXRlLmNvbS9lbWJlZC8ydEZzdEJzNjFQRTUvIj48L2lmcmFtZT4=
IMPORTANT!

Latest Video
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwQWxleEpvbmVzQ2hhbm5lbD9mZWF0dXJlPWxhdGVzdCIgYWxsb3dmdWxsc2NyZWVuPjwvaWZyYW1lPg==

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vd3d3LmJpdGNodXRlLmNvbS9lbWJlZC9CWDhmdW1VR2pRTUQvIj48L2lmcmFtZT4=
THIS IS IT!!!

Latest Video
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwUlQ/ZmVhdHVyZT1sYXRlc3QiIGFsbG93ZnVsbHNjcmVlbj48L2lmcmFtZT4=

Livestream
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwUlQ/ZmVhdHVyZT1saXZlbm93IiBhbGxvd2Z1bGxzY3JlZW4+PC9pZnJhbWU+

Want The Real News
and join millions of other active users
×
Show
×
Show