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Yara ASA reports strong results in a challenging market - 04.2016

Yara International ASA, Oslo: Yara International ASA delivered lower underlying first-quarter results compared with a year earlier. EBITDA excluding special items was down 12% driven by lower fertilizer prices and deliveries, but partly offset by positive currency effects and lower energy cost. "Yara reports strong results in a challenging market environment, even as weaker fertilizer prices and lower deliveries impacted earnings," said Svein Tore Holsether, President and Chief Executive Officer of Yara. "Our operational performance improved compared with the fourth quar¬ter, with both ammonia and finished fertilizer production running at high levels. In addition, lower natural gas cost in Europe continued to improve Yara's competitive position during the quarter," said Svein Tore Holsether. Yara reports first-quarter net income after non-controlling interests of NOK 2,800 million (NOK 10.22 per share), compared with NOK 729 million (NOK 2.65 per share) a year earlier. read more ... 
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Yara International ASA