18 July 2012 10:07 [Source: ICIS news]
LONDON (ICIS)--Yara International's second-quarter net income rose 26% year on year to Norwegian kroner (NKr) 2.80bn ($461m, €375m), on the back of increased sales volumes, especially for its fertilizers, the Norway-based producer said on Wednesday.
Sales for the quarter were up 15% year on year to NKr21.4bn, the company added.
Group earnings per share in the second quarter rose to NKr9.86 per share from NKr7.73 per share reported in the same period in 2011.
Second-quarter earnings, before interest, tax, depreciation and amortisation (EBITDA) excluding special items were NKr5.20bn, up 47% year on year.
"Yara reports strong second-quarter results, reflecting a strong nitrogen fertilizer market and a significant increase in sales of Yara-produced fertilizer, especially outside ?xml:namespace>
Yara said its global fertilizer deliveries were up 6% on the second quarter of 2011, while sales increased by 14%.
“Nitrate sales were up 13% on second quarter last year, reflecting increased sales in Europe and
In its outlook, the company said second-quarter nitrogen fertilizer deliveries in
($1 = NKr6.08, €1 = NKr7.47)
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