Arab Potash’s Net Income Rose 60% Last Year, Jordan Times Says

Arab Potash Co.’s (APOT) net income rose 60 percent to 259 million dinars ($365.2 million) in 2011, according to the Jordan Times.

Profit rose from 162 million dinars a year earlier, the newspaper reported, citing an e-mailed statement. Sales at the Amman-based company increased 18 percent to about 660.5 million dinars last year from 559 million dinars in 2010, according to the report.

Canada’s Potash Corp. of Saskatchewan Inc. has a 27.96 percent stake in the company.

To contact the reporters on this story: Nayla Razzouk in Dubai at nrazzouk2@bloomberg.net

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

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