Yara International ASA reported fourth-quarter net income after non-controlling interests of NOK 434 million (NOK 1.58 per share), compared with NOK 1,860 million (NOK 6.74 per share) a year earlier. Excluding net foreign exchange gain and special items, the result was NOK 3.97 per share compared with NOK 8.17 per share in fourth quarter 2014. Revenues were NOK 25,722 million, down from NOK 26,230 million.
"Yara reports weaker results than a year ago, reflecting a tougher market environment with declining prices, but also an unsatisfactory operational performance with significant downtime in several of our plants," said Svein Tore Holsether, Yara president and CEO. "However, I am pleased to see continued growth in Brazil, especially for the premium product deliveries, as well as another strong result from the Industrial segment."
Full-year income was up at NOK 8,083 million on revenue of NOK 111,897 million from 2014’s NOK 7,625 million and NOK 95,343 million, respectively.