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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers

Yara Reports Strong Fourth-Quarter Results on Good Farm Profitability and Margins

11:27 AM MST | February 7, 2012 | Natasha Alperowicz

Yara (Oslo),  the global fertilizer major, today reported strong fourth-quarter results, reflecting “good farm profitability and improved margins."  It also said that the 2011 annual results are the highest in history. Fourth-quarter net income, after non-controlling interest, rose to NK3.39 billion ($581.6 million) compared with NK1.56 billion in the year earlier period. Earnings per share were NK 11.84 in the fourth quarter compared with NK 5.42 in the fourth quarter of 2010. Excluding net foreign exchange loss and special items, the result...

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