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Yara reports lower first-quarter sales and earnings; Qafco, Lifeco, and Yara Pilbara offset decline

1:15 AM MDT | April 22, 2013 | Natasha Alperowicz

Yara International (Olso) today announced a 25% decline in first-quarter net income after noncontrolling interests, to 2.26 billion Norwegian kroner ($388 million), compared with the year-earlier result. Earnings per share of NK8.04 compared with NK10.54 in the first quarter of 2012. Excluding net foreign exchange loss and special items, the result was NK8.51 per share compared with NK8.32 per share in the year-earlier quarter. Revenues were down 3%, at NK20.69 billion. First-quarter Ebitda excluding special items was NK4.09 billion compared with NK3.93 billion a...

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