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Top News In உரங்கள் நைஜீரியா வரையறுக்கப்பட்டவை Today - Breaking & Trending Today

Nutrien beats quarterly profit expectation on strong potash sales

By Reuters Staff
3 Min Read
(Reuters) - Canadian fertilizer maker Nutrien Ltd posted fourth-quarter profit above analysts’ estimates on Wednesday as potash demand rose amid rising crop prices, sending its U.S.-listed shares up 4.5% in extended trade.
FILE PHOTO: An interior view of the storage warehouse is seen at Nutrien s Cory potash mine near Saskatoon, Saskatchewan, Canada August 12, 2019. REUTERS/Nayan Sthankiya
Fertilizer producers have benefited from high U.S. crop exports, including record-large corn sales to China. With crop prices touching multi-year highs, farmers are poised to plant more acres in 2021 and would require more fertilizers for their plantings. ....

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Engro Fertilizer's CY20 profit up 7.78pc

Business
February 16, 2021
KARACHI: Engro Fertilizers Limited has announced a net profit of Rs18.133 billion for the year ended December 31, 2020, which is 7.78 percent higher than the profit of Rs16.87 billion recorded in the previous year ended December 31, 2019.
The earnings per share (EPS) for 2020 clocked in at Rs13.58 compared with the EPS of Rs12.64 in 2019. The company also declared a final cash dividend of Rs4.0/share, which is in addition to the interim dividend of Rs9.0/share already paid to the shareholders.
The earnings came in line with the market expectations. “Growth in earnings is attributed to lower feed and fuel gas cost amidst Gas Infrastructure Development Cess (GIDC) reduction. One time impact of GIDC re-measurement under IFRS-9 amounts to Rs2.121 billion,” an analyst at Taurus Securities said. ....

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U.S. farmers eye range of good planting options after biggest grains rally in years

Illinois farmer Fred Helms is so eager for his next soybean crop he invested in a faster-maturing variety of soy seeds in hopes of beating other farmers to harvest the crop in mid-September, more than a month earlier than usual. ....

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Pharma sector to grow to $130 b by 2030: Gowda - The Hindu BusinessLine

It is among the 10 top attractive sectors for FDI in the country ....

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Japan aims to boost ammonia fuel demand to 3 mln tonnes a year by 2030

Japan has set a target to grow the nation's ammonia fuel demand to 3 million tonnes a year by 2030 from zero now and to create a new supply chain of the fuel in a bid to cut CO2 emissions and combat climate change, its industry ministry said on Monday. ....

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