Yara profits decline on higher fertilizer volumes, lower prices

Haslestad: Strong nitrogen demand. Yara International, a leading producer of fertilizers, reports a significant drop in fourth-quarter profits despite higher sales volumes. Fourth-quarter net income after minorities was down 36%, to 2.17 billion Norwegian kroner ($420.4 million). Earnings per share were NK7.72 compared with NK11.84 one year earlier. Excluding net foreign exchange gains and special items, the result was NK7.25/share compared with NK8.82/share in the fourth quarter of 2011. Fourth-quarter Ebitda excluding special items was NK3.54 billion compared...

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