PotashCorp Reports Record Sales for Q4 2014

Potash Corporation of Saskatchewan (TSX:POT,NYSE:POT) announced its Q4 2014 results, noting that it sold a record volume of potash and derived benefits from higher nitrogen and phosphate prices.

As quoted in the press release:

With improved contributions from all three nutrient segments, fourth-quarter gross margin of $746 million surpassed the $460 million generated during the same period in 2013. For the full year, totals reached $2.6 billion, slightly below the $2.8 billion earned in 2013.

Chief Executive Jochen Tilk stated:

As we look ahead, we see a supportive market environment – most notably in potash. We are ready to respond should demand for this nutrient prove stronger than expected and, as we balance operational flexibility with efficiencies.

Click here for the full Potash Corporation of Saskatchewan (TSX:POT,NYSE:POT) press release