Friday, May 7, 2010

Potash (NYSE:POT) Record Earnings in Five Years

Potash (NYSE:POT) CEO Bill Doyle recently said at their annual meeting, that the earnings of the company which reached a record in 2008, will be exceeded in the next five years.

The impetus behind the assertion is the increasing demand for potash and the company increasing its production to supply that demand.

By 2015, Potash should conclude it expansion of capacity at its potash mines, and the annual production will be twice what it was as of 2003, reaching about 17 million tons in five years.

This year potash production is expected to reach about 11.2 million tons.

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