(Reuters) — Mosaic has reported a 12 percent increase in net sales driven by higher potash and phosphates prices.
The company sold 2.5 million tonnes of diammonium phosphate in the fourth quarter at an average price of $348 per tonne, up from $317 per tonne a year earlier.
Its average potash selling price was $188 per tonne, up from $169 a year ago. The segment’s total sales volumes for the quarter were 2.2 million tonnes compared to two million tonnes last year.
The company reported a net loss of $431.1 million, or $1.23 per share, for the fourth quarter ended Dec. 31, from a profit of $12 million, or three cents per share, a year ago.
Mosaic’s fourth-quarter earnings were hurt by a $458 million non-cash charge related to changes in U.S. tax legislation.
