K+S Scales Back 2012 Profit Outlook

Reuters reported that German potash and salt miner K+S reduced their 2012 forecast, blaming lower potash prices.

As quoted in the market report:

K+S now expects 2012 earnings before interest and tax, adjusted for currency hedging effects, to reach about 820 million euros ($1.04 billion), at the bottom of its previously targeted range of 820-900 million euros, and down from 906.2 million last year.

To view the whole Reuters report, click here.