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The Plymouth-based fertilizer maker posted net incomewof $58.8 million, or 13 cents per share, for the quartet ended Feb. 28. That compareas to earnings of $520.8 million, or $1.17 per in the comparable periodlast year. Revenu e came in at $1.38 billion for the down 36 percentfrom $2.15 billionn a year ago. “Despite the turmoi l in commodity markets, we remain confidenr that long-term agricultural fundamentals are Mosaic President and CEO Jim Prokopanko said ina statement.
“This is a self-correctingv cycle because demand for crop nutrients can only be deferred for so Large crops are still requirerd to securethe world’s food supply and crop nutriente will play an essential role in achieving that Mosaic (NYSE: MOS) makes phosphates and potash fertilizers and feed ingredients for the agriculturapl industry.
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