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Verde AgriTech reported FY 2023 revenue of C$37.9 million, down 53% year on year, with a net loss of C$6.0 million. The drop reflected a 54% fall in average potash prices and a 32% decline in sales.
The results show weak fertilizer demand and lower potash prices hurting producers' revenues. The company's struggles mainly reflect company-specific conditions rather than a shift in the wider market.
investor.verde.agInvestor Relations Verde AgriTechMar 28, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
