Jordan Arab Potash’s 2012 Net Profit Falls 34 Percent

Reuters reported that Jordan’s Arab Potash Company’s net profits for 2012 fell 34 percent due to a combination of waning global demand and rising fuel costs.

As quoted in the market report:

Net operating income dropped 18.6 percent to 586 million dinars in 2012 against 720 million dinars the previous year, the firm said in a statement.

To view the whole Reuters report, click here.

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Danakali-logoDanakali Ltd. (ASX:DNK) is developing the emerging, world-class Colluli Potash Project located just 75 km from the Red Sea coast in Eritrea, Africa. Connect with DNK to receive instant updates.Learn More

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