IMC Global Inc. posted a net loss of $8.3 million, or 9 cents a share, for the fiscal third quarter, ended March 31, after special charges of $69.6 million related to the acquisition of Vigoro Corp. and costs associated with a corporate restructuring, other asset valuations and environmental issues.
The Northbrook-based fertilizer producer said that before the charges, income rose to $61.3 million, or 66 cents a share, from $58.9 million, or 65 cents a share, a year earlier. Third-quarter sales fell nearly 2 percent, to $717 million from $729.9 million.
For the first nine months of fiscal 1996, IMC said its earnings after charges fell 29 percent, to $77.9 million, or 84 cents a share, from $110.5 million, or $1.22 a share, a year earlier. Sales in the period rose 10 percent, to $2.02 billion from $1.83 billion.
