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

Yara's Earnings Rise on Strong Selling Prices

8:24 AM MDT | May 3, 2011 | Kerri Walsh

 Yara reported first-quarter net income after non-controlling interests up 90%, to NOK2.9 billion ($551 million). Ebitda jumped 33%, to NOK4.3 billion. "Improved fertilizer prices linked to tight agricultural markets have more than compensated for increased energy costs from last year," says president and CEO Jorgen Ole Haslested.  The strong first-quarter results demonstrate the natural hedges in Yara's business position," Haslestad says. "While urea prices declined through the first quarter, the more differentiated nitrates and...

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