Arab Potash First-Half Profits Rise 82% to 128.7 Million Dinars

Arab Potash Co. (APOT) said its net profit rose 83 percent to 128.7 million dinars ($181.7 million) in the first half of 2011, compared with 70.2 million dinars during the same period last year.

Revenue increased 17 percent in the period to 308.8 million dinars from 257.3 million dinars during the same period last year, it said in a filing posted on the website of the Amman Stock Exchange.

Among APC’s shareholders are the Potash Corp. of Saskatchewan, Canada, which has a 27.96 percent stake, and the government of Jordan, which holds 26.88 percent of APC.

To contact the reporters on this story: Mohammad Tayseer through the Amman newsroom at nrazzouk2@bloomberg.net; Nayla Razzouk in Amman, Jordan nrazzouk2@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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