Arab Potash Company reported a 30% increase in H1 net profit to JOD52.7m ($74.3m) thanks to higher sales, increased production and reduced costs. The company said sales rose 4% YoY to 1.2 million metric tonnes (mt), as production increased 10% to 180,000 mt, and energy saving solutions saw the cost of manufacture fall by 5% per mt. The Jordan-based company said it plans to study the Lisan peninsula as it seeks to boost production beyond a 180,000 mt per year expansion currently in place.
Arab Potash Company reported a 30% increase in H1 net profit to JOD52.7m ($74.3m) thanks to higher sales, increased production and reduced costs. The company said sales rose 4% YoY to 1.2 million metric tonnes (mt), as production increased 10% to 1.21 million mt, and energy saving solutions saw the cost of manufacture fall by 5% per mt. The Jordan-based company said it plans to study the Lisan peninsula as it seeks to boost production beyond a 180,000 mt per year expansion currently in place.