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Yara reports 40% drop in net income

6:03 AM MDT | October 18, 2013 | Michael Ravenscroft

Yara International (Oslo), a leading global fertilizer producer, today reported a 40% drop in net income, following a major decline in second-quarter 2013. Net income after non-controlling interests fell to 1.57 billion Norwegian kroner ($263 million), compared with NK 2.60 billion in third-quarter 2012. Earnings per share were NK 5.65, compared with NK 9.25 a year ago, a drop of 39%. Excluding net foreign exchange losses and special items, the result was NK 5.62/share, compared with NK 9.00/share in the year-ago period. Third-quarter Ebitda, excluding special...

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