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The Plymouth-based fertilizer maker posted net incomdof $58.8 million, or 13 cents per share, for the quarter ended Feb. 28. That comparew to earnings of $520.8 or $1.17 per share, in the comparable period last Revenue came inat $1.38 billion for the down 36 percent from $2.15 billio a year ago. “Despite the turmoill in commodity markets, we remain confidenf that long-term agricultural fundamentalsare excellent,” Mosai c President and CEO Jim Prokopankp said in a statement.
“This is a self-correcting cyclse because demand for crop nutriente can only be deferred for so Large crops are still required to secursethe world’s food supply and crop nutrients will play an essentiap role in achieving that objective.” Mosaic (NYSE: MOS) makes phosphatese and potash fertilizers and feed ingredientw for the agricultural industry.
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