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Higher Costs Hurt Migao’s Profits
Feb. 14, 2012 11:59AM PST
Potash InvestingReuters Africa reported that Migao Corp.’s (TSX:MGO) profits were lower due to higher raw material costs.
Reuters Africa reported that Migao Corp.’s (TSX:MGO) profits were lower due to higher raw material costs.
As quoted in the market news:
The China-focused fertilizer maker said its profit in the quarter ended Dec. 31 fell to C$3.8 million ($3.80 million) or 7 Canadian cents a share, down from a year-earlier profit of C$8.2 million, or 16 Canadian cents a share.
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