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

8:11 AM MDT | July 20, 2012

Haslestad: Better cost position. Yara International reported strong second-quarter results with increased sales volumes, especially for Yara-produced fertilizers. Margins strengthened compared with last year—especially for urea—reflecting a tight nitrogen fertilizer market, the company says. 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. The result, excluding net foreign exchange gain and special items, was NK10.84/share...

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