Intrepid Potash reports net loss in Q3
Intrepid Potash reported on Wednesday that in the third quarter of 2023 its revenue fell 27% year over year, from $74.8mn to $54.5mn.
The United States’ largest producer of potassium chloride posted a net loss of $7.2mn, or $0.56 per diluted share.
In 2022, it said, its net income had been $13.1mn, or $0.97 per diluted share.
Intrepid indicated that its weaker performance was driven primarily by lower pricing of its key products and an increase in its costs.
Enjoyed this story?
Every Monday, our subscribers get their hands on a digest of the most trending agriculture news. You can join them too!
Exciting times in Oryza! Our new platform is set to transform agriculture, bringing real change to farmers' lives. I am proud to be a part of Oryza's mission to transform agriculture with technology, empower farmers and drive sustainability. I strongly believe our focus on innovation and collaboration is key to the future of agriculture.
Discussion0 comments