14 August 2012 09:08 [Source: ICIS news]
SINGAPORE (ICIS)--K+S's net income surged to €138.2m ($170.6m) in the second quarter of this year from €28.7m in the same period a year earlier as revenues rose by 21%, the German firm said on Tuesday.
Its sales rose to €996.5m in April-June this year, buoyed by a “volume-related revenue increase” in the firm’s potash and magnesium products business segment, the company said in a statement.
The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) were up by 16.4% year on year at €275.8m in the second quarter, the company said.
For the first six months of 2012, the company’s net profit rose by 8.74% year on year to €350.6m, while sales was down by 2.11% at €2.08bn.
Looking ahead, the company expects to remain stable for the full year of 2012, while EBITDA are expected to post a “moderate decrease”, it added.
($1 = €0.81)
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