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The company finished with a pre-tax profit of less than $ 261 million in the second quarter of the year. The amount is NOK 2.11 billion at the exchange rate of today. In the same period last year, the company made a profit of 115 million.
The operation went well, but its profit fell from 130 million crowns a year ago to 38 million this year
. The turnover rose from $ 2.76 billion in the second quarter of 2017 to $ 3.19 billion this year
Yara takes advantage of rising gas costs as a factor affecting quarterly results, while shipments and prices of the company's products fell positively.
– Yara reports 13% higher shipments, despite the truckers' strike in Brazil. Nevertheless, the underlying EBITDA fell by 5%, as higher shipments and selling prices were offset by higher energy costs, according to CEO Svein Tore Holsether in a press release. He does not believe in an immediate improvement in the market
– Market conditions in our industry are expected to remain difficult for some time, but the market equilibrium should gradually improve after 2018, added Holsether .
a stronger dollar for foreign exchange loss for the company.
(© NTB)
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