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)
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