YARA International ASA reports strong financial results for the fourth quarter and achieved for the first time an annual Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of above US$1 billion.
The result in the fourth quarter was lower than the record fourth quarter period last year due to increased energy costs and unrealized currency losses related to US$ funding.
Yara reports for the fourth quarter a net income after minority interest of NOK 588 million (NOK 1.90 per share), compared with NOK 1,251 million (NOK 3.94 per share) in the fourth quarter last year. Excluding net foreign exchange losses, the result was approximately NOK 2.18 per share compared with NOK 3.06 per share in fourth quarter 2004.
Fourth quarter operating income was NOK 651 million compared with NOK 914 million in the same quarter last year.
... to continue reading you must be subscribed
