Yara writes down the value of two factories – Romsdals Budstikke

Yara alerts in a stock exchange release on Friday morning that the company early winter an operating profit of 700 million and an operating profit before tax (EBITDA) of 3.5 billion.

The plant in Montoir in France is one of Yara’s smallest fertilizer plants. The write-downs of 550 million due to lower profitability in the domestic market, due to lower grain prices and lower demand ether phosphate and potassium. Trinidad plant is one of Yara’s ammonia plants and least written down 380 million.

– In addition to small-scale suffering factory under reduced gas supply and lower energy efficiency than other Yara plants, the company said.

Yara writes that fourth quarter results will be impacted by lower sales than the same period last year, due to significant production problems of ammonia and urea.

Further details of quarterly results will not be announced until February 11. (© NTB) (© NTB)