Kazakhstan Potash Corporation Limited (ASX:KPC) and its Joint Venture (JV), focused on developing a fertiliser logistics and distribution hub for all major material fertilisers in China, has completed its first quarter of operations.
The ASX listed explorer and its Chinese Chongqing JV (with material company the Chongqing Material of Agricultural Production (Group) Co. Limited) reported its operation profit was $120,634 for the quarter ending 31 March 2017.
The JV is focusing on fertiliser trading and logistics and aims to become one of China’s leading companies in the sector.
Kazakhstan Potash is assisting the JV in sourcing finance and it will also provide fertilisers to the JV, from its projects in Kazakhstan.
Shares in Kazakhstan Potash Corporation Limited (ASX:KPC) last traded at 4.7 cents.