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. In its latest quarterly report, the company also announced that it has completed construction on two new potash mines at its existing plant in Saskatchewan, Canada.
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.