K+S: Significantly Lower Profit for Q2

K+S Group reported significantly lower profit for the second quarter of 2016, year-on-year. The company’s complete half-year financial report will be released on August 11.
As quoted in the press release:

Reasons for the deviation are a significantly lower average selling price in the potash and magnesium products business unit (Q2/15: € 310 per ton) and unexpectedly high production outages due to the limited deep-well injection permit for liquid residues at the Werra plant. In the business unit Salt lower pre-buying sales for de-icing products led to a significant volume decline primarily in North America.

Click here for the full press release.