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DEERFIELD, Ill.--(BUSINESS WIRE)--TNH) today reported net earnings of .2 million on net sales of 9.0 million for the quarter ended March 31, 2017.
This compares to net earnings of .7 million on net sales of 8.0 million for the 2016 first quarter.
The derivative portfolio at March 31, 2017 includes natural gas derivatives that hedge a portion of natural gas purchases through 2018.
Analysis of Results" data-reactid="13"Analysis of Results Net sales for the first quarter of 2017 totaled 9.0 million, compared to 8.0 million for the first quarter of 2016, as significantly higher sales volumes of ammonia and urea ammonium nitrate (UAN) were partially offset by lower average selling prices for both products.
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