August 6, 2012 / 9:00 PM / 5 years ago

CF Industries profit jumps 24 pct, cheap natural gas cited

Aug 6 (Reuters) - Fertilizer producer CF Industries Holdings Inc posted a 24 percent jump in quarterly profit on Monday as lower natural gas prices helped offset a drop in demand.

For the second quarter, the company posted net earnings of $606.3 million, or $9.31 per share, compared with $487.4 million, or $6.75 per share, in the year-ago period.

Revenue fell 4 percent to $1.74 billion.

Shares fell 1.2 percent to $201 in after-hours trading. As of Monday’s close, the stock had gained 40 percent so far this year.

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