FRANKFURT, March 16 (Reuters) - German potash miner K+S SDFGn.DE said its quarterly operating profit slumped 84 percent on lower global prices of the crop nutrient and after environmental restrictions temporarily crimped output volumes.
K+S reported on Thursday fourth-quarter earnings before interest and tax (EBIT), adjusted for currency hedging effects, dropped to 27.5 million euros ($29.5 million), compared with 28.8 million euros expected on average by analysts. group said it expected a tangible increase in 2017 revenues and operating earnings.
A German environmental regulator in December gave K+S limited approval to discharge waste water, ending uncertainty for the group and likely avoiding further major output disruptions. = 0.9318 euros)