April 28, 2016 / 10:08 AM / a year ago

Potash Corp profit plunges due to weak crop nutrient prices

April 28 (Reuters) - Potash Corp of Saskatchewan , the world’s biggest fertilizer company by capacity, reported a 79.7 percent fall in first-quarter profit, hurt by weak potash prices.

The company’s net earnings fell to $75 million, or 9 cents per share, in the three months ended March 31, from $370 million, or 44 cents per share, a year earlier.

Revenue fell 27.4 percent to $1.21 billion. (Reporting by Rod Nickel in Winnipeg, Manitoba and Arathy S Nair in Bengaluru; Editing by Maju Samuel)

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