K+S Quarterly Profit Beats Estimates on Fertilizer Demand
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K+S AG, Europe’s biggest potash producer, reported first-quarter profit that beat the average analyst estimates after demand for fertilizer rose in March, helping offset a decline in sales of de-icing salts.
Earnings before interest and tax excluding one-time items declined 24 percent to 281.1 million euros ($364.8 million) in the quarter, Kassel, Germany-based K+S said today in a statement. Analysts surveyed by Bloomberg had estimated 265.4 million euros.