SINGAPORE (ICIS)--Yara International posted a 21.4% year-on-year decline in its first-quarter net profit to Norwegian kroner (NKr) 1.77bn, partly on lower product prices, the Norway-based fertilizer producer said on Wednesday.
Revenue and other income for the March quarter 2014 rose 4.9% to NKr21.7bn, with sales volumes recording a 13.2% increase to 8.39m tonnes, the company said in a statement.
Meanwhile, the company’s production during the period, however, dipped 0.9% year on year to 6.38m tonnes, it said.
Yara’s first-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) declined 14.2% year on year to NKr3.59bn, while operating profit fell 19.5% to NKr2.27bn, it said.
($1 = NKr6.01)