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Article: Mosaic Quadruples Fiscal 2008 Fourth Quarter Net Earnings Over Year-Ago Quarter.
- Article from:
- PR Newswire
- Article date:
- July 28, 2008
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Operating Earnings Grew 228% to $1.2 Billion
HIGHLIGHTS The Mosaic Company reported outstanding financial results, including net earnings of $862.5 million, or $1.93 per diluted share ("per share"), for the fourth quarter ended May 31, 2008, an increase of $659.9 million or over four fold compared to the same period a year ago. Fourth quarter results and other recent noteworthy events included the following:
- Operating earnings of $1.2 billion, or 34.0% of net sales, up from $359.8 million, or 21.4% of net sales last year.
- The average diammonium phosphate (DAP) selling price was $754 per tonne, which was substantially higher than the third ...