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Profit boost for Norwegian fertilizer giant

» Published: 25 October 2024

Profit boost for Norwegian fertilizer giant
Photo: Vidar Ruud NTB/TT

The Norwegian chemical company Yara International, one of the world's largest producers of fertilizers, reports an adjusted operating result of 585 million dollars (corresponding to 6.2 million kronor) for the third quarter of the year. This is an increase of 48 percent compared to the corresponding quarter last year and significantly higher than the average market forecast of 478 million dollars.

The turnover for the quarter of 3.65 billion dollars was, however, slightly lower than the expected 3.78 billion.

According to the company, new measures will be taken to increase profitability in the long term, with increased focus on core business while activities with lower returns will be scaled down.

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By TTThis article has been altered and translated by Sweden Herald

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