May 1, 2017 / 10:03 PM / 6 months ago

Agrium posts quarterly loss vs. year-ago profit

May 1 (Reuters) - Canadian fertilizer maker Agrium Inc reported a quarterly loss on Monday, compared with a year-ago profit, largely due to higher natural gas costs and lower phosphate prices.

The company’s net loss attributable to shareholders was $11 million, or 8 cents per share, in the first quarter ended March 31, compared with a profit of $2 million, or 2 cents per share, a year earlier.

Agrium, which is merging with Potash Corp of Saskatchewan , said revenue fell marginally to $2.72 billion from $2.73 billion.

Reporting by Ahmed Farhatha in Bengaluru and Rod Nickel in Winnipeg, Manitoba; Editing by Sriraj Kalluvila

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