Tax provision recovery boosts PotashCorp Q2 profit compared with year ago
Potash Corp. of Saskatchewan Inc. earned a second-quarter profit of $201 million US, boosted by a one-time tax provision recovery.
The company, which keeps its books in U.S. dollars, says the profit amounted to 24 cents per share for the quarter, including eight cents per share due to provincial tax changes.
That compared with a profit of $121 million or 14 cents per share in the same quarter last year.
Sales in the quarter totalled $1.12 billion, up from $1.05 billion a year ago.
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