Yara reports strong results for the second quarter


Yara International ASA reports strong results for the second quarter 2006.

Increased energy costs were more than compensated by energy arbitrage gains, higher fertilizer prices, improved market positions for fertilizer and industrial products in Europe and currency gains

Yara reports for the second quarter a net income after minority interest of NOK 1,041 million (NOK 3.42 per share), compared with NOK 846 million (NOK 2.68 per share) in the second quarter last year.

Excluding net foreign exchange gain/losses, the result was approximately NOK 2.98 per share compared with NOK 3.18 per share in second quarter 2005. Second quarter operating income was NOK 924 million compared with NOK 1,117 million in the same quarter last year. EBITDA for the quarter was NOK 1,682 million compared with NOK 1,868 million in the second quarter last year.

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