Yara International ASA, Oslo, reported third-quarter net income after non-controlling interests of US$98 million (0.36 per share), compared with $90 million ($0.33 per share) a year earlier. Excluding currency effects and special items, the result was $0.57 per share compared with $0.41 per share in the third quarter 2017.
“Yara reports a 16 percent improvement in underlying EBITDA, as higher sales prices more than offset increased energy cost. Our NPK margins in particular were stronger than last year,” said Svein Tore Holsether, Yara president and CEO.
Total fertilizer deliveries were 9 percent higher compared to a year earlier, driven by the Babrala acquisition in India and the Cubatão acquisition in Brazil. Industrial deliveries were 13 percent higher than a year ago. Excluding the acquisitions, fertilizer and Industrial deliveries were respectively 3 percent lower and 6 percent higher.