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Yara reports lower first-quarter sales and earnings

7:37 AM MDT | April 26, 2013

Yara International has announced a 25% decline in first-quarter net income after noncontrolling interests, to 2.26 billion Norwegian kroner ($395 million), compared with the year-earlier result. Earnings per share were NK8.04 compared with NK10.54 in the first quarter of 2012. Excluding net foreign exchange loss and special items, the result was NK8.51/share compared with NK8.32/share in the year-earlier quarter. Revenues were down 3%, at NK20.69 billion. First-quarter Ebitda excluding special items was NK4.09 billion compared with NK3.93 billion a year earlier...

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