Yara International Q4 Net Profit Down 36%
Yara International ASA (OTC: YARIY) reported a 36% drop in its fourth-quarter net profit.
Yara's quarterly net profit fell to 2.17 billion Norwegian kroner ($394 million), from NOK3.39 billion, in the year-ago period.
Its revenue rose to NOK20.97 billion, from NOK20.73 billion. However, analysts were expecting a net profit of NOK2.13 billion on revenue of NOK19.99 billion.
Its earnings before interest and taxes declined to NOK2.73 billion, from NOK4.18 billion. Yara proposed a dividend of NOK13 per share, versus NOK7 in the year-earlier period.
Yara shares closed at $53.83 yesterday.
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