Agrium sees profits drop in second quarter

(Reuters) — Canadian fertilizer maker Agrium Inc. reported a 1.2 percent fall in quarterly profit last week, hurt by weak demand for phosphate and nitrogen.

Net earnings attributable to shareholders fell to $558 million, or $4.03 per share, in the second quarter that ended June 30, from $565 million, or $4.08 per share, a year earlier.

Agrium, which is merging with PotashCorp, said revenue fell marginally to $6.32 billion from $6.42 billion. 

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