Arab Today, arab today german fertiliser group ks reports falling profits
Last Updated : GMT 12:12:15
Arab Today, arab today
Arab Today, arab today

German fertiliser group K+S reports falling profits

Arab Today, arab today

Arab Today, arab today German fertiliser group K+S reports falling profits

Frankfurt - AFP

K+S, the German fertiliser manufacturer, said on Thursday it expected sales and profits to fall this year after a difficult 2013. "The year 2013 was associated with great challenges for the K+S group," said chief executive Norbert Steiner. Net profit tumbled 18.8 percent to 437.1 million euros ($609 million) in 2013. Underlying or operating profit was down 18.4 percent at 655.9 million euros while revenues were more or less stable, inching 0.4 percent higher to 3.950 billion euros. K+S said business was hurt by falling prices for potassium chloride after Russian group Uralkali said it would expand capacity regardless of prices. Looking ahead to the current year, K+S said potash prices "appeared to bottom out at the start of 2014." With the sales volume for the potash and magnesium products division expected to stay the same, "average prices over the course of the year should be tangibly lower than in the preceding year." Revenues "should therefore be moderately below the figure for the previous year," the company said. "Taking into account the high proportion of fixed costs customary in mining, it can be assumed that operating earnings will be down significantly on the figure for the previous year," it said. And net profit "should follow the trend in operating earnings and thus also be significantly lower than in the previous year," K+S concluded. The outlook weighed on K+S share prices and K+S shares were the biggest losers on the Frankfurt stock exchange on Thursday, shedding as much as 6.90 percent in an unchanged market.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german fertiliser group ks reports falling profits Arab Today, arab today german fertiliser group ks reports falling profits

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 07:01 2017 Wednesday ,15 February

Qatar’s Simaisma Resort marks 1st anniversary

GMT 06:10 2017 Wednesday ,15 February

Mobily provides services at Saudi airports

GMT 21:53 2017 Tuesday ,14 February

Nama group to hire banks to help raise $2b
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday