Yara margins down on higher volumes
Yara International ASA delivered weaker first-quarter results compared with a year earlier. Net income after non-controlling interests was NOK 1,692 million (NOK 6.19 per share), compared with NOK 2,800 million (NOK 10.22 per share) a year earlier.
“Yara reports a weaker result than a year earlier, reflecting lower fertilizer prices and margins. However, we delivered increased sales volumes, both for fertilizer and industrial products,” said Svein Tore Holsether, Yara president and CEO.