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 email@example.com
To contact the editor responsible for this story: Stephen Voss at firstname.lastname@example.org