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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) …
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.