Norway’s Yara Q3 net profit grows 85% on strong margins

21 October 2011 07:29  [Source: ICIS news]

SINGAPORE (ICIS)--Yara International posted a third-quarter net profit after controlling interests grew by 85% year on year to Norwegian kroner (NKr) 3.57b ($637.5m), on much better margins on products, the fertilizer major said on Friday.

Earnings before interest, tax, depreciation and amortisation (EBITDA) excluding special items were up by 66% year on year to Nkr4.21bn in the three months to September 2011, the company said in a statement.

Yara president and CEO Jørgen Ole Haslestad attributed the strong third-quarter performance to the significant improvement in margins for all the company’s main product groups and strong demand in Latin America and Asia.

($1 = NKr5.60)

For more on Yara and other producers, visit ICIS company intelligence

By: Pearl Bantillo
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index