Nutrien Ltd. said it earned 1.6 billion in the third quarter of 2022, up 118 per cent from the same three-month period in 2021.
The Saskatoon-based fertilizer giant, which reports in U.S. dollars, said its profit in the quarter includes a non-cash impairment reversal of $330 million related to the company’s phosphate operations.
On an adjusted basis, Nutrien said it earned $2.5 billion, compared to $1.6 billion in the previous year’s quarter.
Nutrien’s total sales for the three months ended Sept. 30 were $8.2 billion, a year-over-year increase of 36 per cent, though potash sales volumes in North America and Brazil declined in the third quarter.
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