3rd Apr 2023 21:12
Gensource Potash Corp - Saskatoon, Canada-based fertilizer development company focused on sustainable potash production - Posts a loss of CAD2.5 million in 2022, around GBP1.5 million, narrowed from CAD4.9 million in 2021. Says the onset of war in Europe placed "considerable strain" on supply chains and exports of agricultural commodities, food stuffs and energy during the year. Adds that agricultural commodities prices trended "well above average levels" and provided an incentive for farmers to increase planted acreage and improve yields. However, notes that the war in Ukraine resulted in fertilizer supply shocks in nitrogen and for potash.
Current stock price: 17.20 pence
12-month change: down 31%
By Heather Rydings, Alliance News senior economics reporter
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