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K+S keeps FY profit guidance after Q2 rise, affirms Potash rejection

Published 2015-08-13, 01:18 a/m
K+S keeps FY profit guidance after Q2 rise, affirms Potash rejection
SDFGn
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POT
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BERLIN, Aug 13 (Reuters) - Germany's K+S AG SDFGn.DE kept
its guidance for a significant increase in full-year earnings
after second-quarter operating profit rose more than expected to
179.2 million euros ($199.56 million).
Quarterly operating profit rose 14 percent from last year's
157.3 million euros, beating a 168 million-euro consensus
forecast in a Reuters poll.
The salt and fertilizer company on Thursday affirmed its
rejection of a takeover proposal by Canada's Potash Corp of
Saskatchewan POT.TO which is worth 41 euros per share.
($1 = 0.8980 euros)

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