Yara profits decline on higher fertilizer volumes, lower prices

Leading fertilizer producer Yara International (Oslo) today reported a significant drop in fourth-quarter profits, despite higher sales volumes. Fourth-quarter net income after minorities was 36% down, at 2.17 billion Norwegian kroner ($420.4 million). Earnings per share were NK7.72 compared with NK11.84 a year earlier. Excluding net foreign exchange gain and special items, the result was NK7.25 per share compared with NK8.82 per share in fourth quarter 2011.   Fourth-quarter Ebitda excluding special items was NK3.54 billion compared with NK4.00 billion a...

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