Yara Reports Strong Second-Quarter Results; EPS Ahead of Estimates

Yara International (Oslo) today reported strong second-quarter results with increased sales volumes, especially for Yara-produced fertilizers. The company says that margins strengthened compared with last year—especially for urea—reflecting a tight nitrogen fertilizer market. Yara’s net income after noncontrolling interests reached NK2.8 billion ($460 million). Earnings per share (EPS) rose to NK9.86 from NK7.73 in the same period last year. Excluding net foreign exchange gain and special items, the result was NK10.84 per share compared...

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