Yara International ASA, Oslo, reported a 24 percent rise in fourth-quarter net income, to $246 million ($0.93 per share) on revenue of $2.93 billion, up from the previous year’s $199 million ($0.73 per share) and $3.03 billion, respectively. Excluding currency effects and special items, the basic earnings per share was $0.76 versus $0.80 a year earlier.
Adjusted EBITDA was down 3 percent to $511 million, from $524 million a year ago, mainly reflecting higher deliveries offset by increased gas prices. Total deliveries for the fourth quarter rose 3 percent to 9.33 million mt, with 7.01 million mt of fertilizer delivered (4Q 2019: 6.48 million mt).
Yara said it is establishing a global Clean Ammonia unit to capture growth opportunities “within carbon-free food solutions, shipping fuel and other clean ammonia applications”.