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People & Business :: Earnings/Finance

Yara net profits fall as lower fertilizer prices offset record volumes

12:45 AM MDT | July 19, 2013 | Natasha Alperowicz

Yara International (Oslo), a leading global fertilizer producer, today reported a major decline in second-quarter net income. Net income after minorities fell to 1.87 billion Norwegian kroner ($312.3 million) from NK2.79 billion in the year-earlier period. Earnings per share were NK6.68 compared with NK9.82. Excluding net foreign exchange losses and special items, the result was NK7.98/share compared with NK10.80/share in second-quarter 2012. Second-quarter Ebitda excluding special items was NK4.07 billion compared with NK5.19 billion a year ago.   Revenues...

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