02/23/2015 07:30 EST | Updated 04/25/2015 05:59 EDT

Agrium sees Q4 net profit fall 48% to US$51M; sales off 6% at US$2.7B

CALGARY - Agrium Inc. (TSX:AGU) has reported a 48 per cent year-over-year decline in fourth-quarter profits as overall sales fell six per cent, mainly as a result of downtime at its Vanscoy potash facility and Redwater nitrogen plant.

The Calgary-based fertilizer producer and marketer says fourth-quarter net earnings were US$51 million or 33 cents per share, down from US$99 million or 66 cents in the same 2013 period.

Sales revenue fell by US$162 million to US$2.7 billion from just under US$2.9 billion.