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



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