Agrium posts quarterly loss

Reuters – Agrium, the Calgary-based fertilizer maker that’s in the midst of a merger with PotashCorp, reported a quarterly loss Nov. 3.

The company reported a net loss from its operations of $52.2 million, or 39 cents a share in the third quarter, which ended Sept. 30. That’s compared to a net profit of $132.5 million or 96 cents a share a year earlier.

The company said weak crop prices have lowered fertilizer demand and price, and the company saw total sales fall by about 11 per cent, to $3.01 billion.

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