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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
Yara’s Profits Rise on Improved Margins
9:34 AM MST | February 15, 2011 | Nancy Seewald
Yara International reported fourth-quarter 2010 net income of NOK1.56 billion ($266.8 million), up 10% from the same period last year. Sales rose 27%, to NOK17.5 billion. Yara cites “a strong fertilizer margin improvement” which more than offset higher energy costs. “Fertilizer demand has strengthened and prices have increased sharply following the tightening of global agricultural markets,” says Yara president and CEO Jørgen Ole Haslestad. Fertilizer capacity outside of China is running at full capacity, Haslestad says. Average...
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