Mosaic quarterly profit drops 18 percent on weak phosphate sales
Oct 2 (Reuters) - Fertilizer producer Mosaic Co posted an 18 percent decline in quarterly profit on Tuesday due to drops in prices and volumes of phosphate, a key farming nutrient.
For the first quarter ended on Aug. 31, the company reported net income of $429.4 million, or $1.01 per share, compared with $526 million, or $1.17 a share, a year earlier.
Revenue fell 19 percent to $2.51 billion.
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