Calgary, Alberta, Canada
August 6, 2009
ALL AMOUNTS ARE STATED IN U.S.$
Agrium Inc. (TSX and NYSE:
AGU) announced today its second highest quarterly net earnings
at $370-million ($2.35 diluted earnings per share) for the
second quarter of 2009.
"Solid results from Retail, Advanced Technologies and our
Wholesale nitrogen businesses resulted in Agrium achieving our
second strongest quarterly net earnings in our history. We were
able to do this despite the challenge of a short-term reduction
in potash and phosphate application rates and Retail crop
nutrient margins. The outlook for our businesses and products
remains strong and we are starting to see signs of improving
demand fundamentals as we approach the fall season.
Our Retail crop protection and seed
businesses in particular delivered excellent results and
we ended the season with normal crop nutrient inventories in our
Retail business. We continue to anticipate a recovery in potash
demand later in the second half of 2009." said Mike Wilson,
Agrium President and CEO.
Full financial results:
http://www.agrium.com/uploads/09-031_Agrium_Q2_2009_Results.pdf |
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