Agrium's profit falls 16 percent on weak fertilizer prices

Wed Aug 3, 2016 5:42pm EDT
 
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(Reuters) - Canadian fertilizer maker Agrium Inc (AGU.TO: Quote) (AGU.N: Quote) on Wednesday reported a 16 percent fall in quarterly profit due to weak fertilizer prices.

The company's net earnings fell to $564 million, or $4.08 per share, in the second quarter, from $674 million, or $4.71 per share, a year earlier.

(Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Jonathan Oatis)

 
President and CEO Chuck Magro of Agrium addresses shareholders during the company's annual general meeting in Calgary, Alberta, May 6, 2015. REUTERS/Todd Korol