Potash Corp profit drops 12 pct

Thu Jul 30, 2015 6:12am EDT
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July 30 (Reuters) - Potash Corp of Saskatchewan Inc , the world's biggest fertilizer company by market capitalization, reported a 12 percent drop in quarterly profit, hurt mainly by weak nitrogen earnings and lower phosphate sales.

The company's net income fell to $417 million, or 50 cents per share, in the second quarter ended June 30, from $472 million, or 56 cents per share, a year earlier.

Revenue fell 8.5 percent to $1.73 billion. (Reporting by Rod Nickel and Shubhankar Chakravorty; Editing by Maju Samuel)