CF Industries reports rise in fourth-quarter profit on higher ammonia sales (updated)
19/02/2025 21:54
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Feb 19 (Reuters) - Fertilizer firm CF Industries CF.N
posted an increase in its fourth-quarter profit on Wednesday,
helped by higher ammonia sales and steady prices.
The company said ammonia sales volumes rose on the back of
contractual commitments served from the acquisition of the
Waggaman ammonia production facility in December 2023.
Quarterly net sales of its ammonia segment, which produces
anhydrous ammonia, were up at $572 million, from $495 million a
year earlier.
The Northbrook, Illinois-based company reported a net income
of $328 million, or $1.89 per share, for the three months ended
December 31, compared with $274 million, or $1.44 per share,
last year.
(Reporting by Tanay Dhumal in Bengaluru; Editing by Mohammed
Safi Shamsi)
((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal;))