Yara reports strong results FY2005


Norwegian Yara has reported record financial performance from FY2005.

Net income after minority interest was NOK3.198m compared with NOK3.794m last year. Excluding foreign exchange gains/losses, net income after minority interest was NOK3.560m compared with NOK3.288m last year.

The company said: The improvement was mainly due to improved fertilizer prices, however this was partially offset by an increase in European energy costs.

Operating income was NOK3.821 m and EBITDA was NOK6.618m compared with NOK6.108 last year. Yaras revenue and other income was NOK46.6bn in 2005, an increase of eight per cent compared with 2004.

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