CF Industries quarterly profit jumps 22 percent

Mon Nov 5, 2012 4:25pm EST

Nov 5 (Reuters) - Fertilizer producer CF Industries Holdings Inc posted a 22 percent jump in quarterly profit on Monday due in part to lower natural gas costs and price increases.

For the quarter, the company posted net income of $403.3 million, or $6.35 per share, compared with $330.9 million, or $4.73 per share, in the year-ago period.

Revenue fell about 3 percent to $1.36 billion from $1.4 billion.

Last week, CF said it would spent $3.8 billion to expand ammonia and urea production capacity in Louisiana and Iowa.

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