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BRIEF-PotashCorp reports Q4 earnings of $0.24 per share

Published 2016-01-28, 06:09 a/m
© Reuters.  BRIEF-PotashCorp reports Q4 earnings of $0.24 per share
POT
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Jan 28 (Reuters) - Potash Corp POT.TO :
* Reports full-year 2015 earnings of $1.52 per share
* Sees FY 2016 earnings per share $0.90 to $1.20
* Sees Q1 earnings per share $0.10 to $0.20
* Q4 earnings per share $0.24
* Q4 earnings per share view $0.30 -- Thomson Reuters I/B/E/S
* Says quarterly dividend reduced by 34 percent to $0.25 per share
* Q1 earnings per share view $0.29 -- Thomson Reuters I/B/E/S
* FY 2016 earnings per share view $1.33 -- Thomson Reuters I/B/E/S
* Q4 Potash average realized sales price per mt $238 versus $284 last year
* Says challenging conditions, including currency weakness, continued to weigh
on fertilizer markets through Q4
* Weaker fertilizer prices late in the year reduced earnings for the quarter
* Sees 2016 Potash sales volumes of 8.3-9.1 million tonnes
* Says nitrogen sales volumes of 1.6 million tonnes for the quarter were
similar to those in the same period of 2014
* Qtrly nitrogen average realized price $288 per tonne versus $405 per tonne
* Says Potash sales volumes for the quarter was down 31 percent
* Weaker fertilizer prices give rise to a more cautious outlook for all three
nutrients as co begins 2016
* Qtrly sales $1.35 billion versus $1.90 billion
* For the quarter, phosphate sales volumes of 0.8 million tonnes were
relatively flat compared to the same period in 2014
* Qtrly average realized price for nitrogen of $288 per tonne down
significantly from $405 per tonne achieved in same period last year
* Sees 2016 Potash gross margin $0.8-$1.1 billion; sees 2016 nitrogen and
phosphate gross margin $0.7-$0.9 billion

* Source text for Eikon ID:nPn6GkVW1

* Further company coverage POT.TO

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