K+S plunges to USD2.3-billion net loss

MOSCOW (MRC) -- K+S (Kassel, Germany) has reported an adjusted group net loss of EUR1.97 billion (USD2.33 billion) for the third quarter, plunging year on year (YOY) from a loss of EUR41.8 million, due mainly to a EUR2.0-billion write-down of the company's potash assets after it lowered assumptions for long-term global potash prices, said Chemweek.The company says its adjusted earnings we

Full article at mrcplast.com