US phosphate producer Mosaic has reported a 12% YoY increase in net sales to $348 in Q4 as the company sold 2.5 million tonnes of diammonium phosphate in at $2.09bn per tonne, compared to $317 per tonne the previous year. It sold potash for an average $188 per tonne, an increase from $169 the previous year. However, the company reported a net loss of $431.1m in Q4, caused by a $458m non-cash charge in relation to US tax legislation changes.
US phosphate producer Mosaic has reported a 12% YoY increase in net sales to $2.09bn in Q4 as the company sold 2.5 million tonnes of diammonium phosphate in at $348 per tonne, compared to $317 per tonne the previous year. It sold potash for an average $188 per tonne, an increase from $169 the previous year. However, the company reported a net loss of $431.1m in Q4, caused by a $458m non-cash charge in relation to US tax legislation changes.