Yara International reported a profit after tax of 820 million in 3. quarter of 2016, at 4.004 million in the same period last year.
According to TDN Finans was it expected a profit of 757 million kroner.
Earnings per share were 3,00 million, compared to a 14.56 money at the same crossroads last year. The expectation was 2,77 million.
the Result before tax was 1.145 million, compared with 4.417 million last year and expected 1.008 million.
operating profit (EBIT) was 1.440 million, compared to 6.189 million the year before and waited 1.276 million.
operating Revenues amounted to 23.864 million, compared with 30.479 million in 3. quarter of 2015. It was expected a turnover at 23.315 million.
Yara ceo Svein Tore Holsether points out that the weaker results reflect the global tilbudsdrevne rates of fertilizer.
Although produksjonsmarginene was considerably lower, earnings in Crop Nutrition and Industrial have been stable, which demonstrates the robustness of the Yaras integrated business model, ” he says in a comment.
- Overkapasiteten in our industry is expected to last for a while, underscoring the need for Yaras improvement program, as we have announced previously. Parts of the program is in the implementation phase, and we are confident that we will deliver improvements of at least 500 million us dollars in annual EBITDA by 2020, he adds.
Yara delivered a cash flow from operating activities of 1.947 million in the quarter, down from 4.413 million in the same period last year.
the Report here.
the Presentation here.
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