Fertiliser maker Yara’s Q1 lags forecast, eyes extra cash to shareholders

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Fertiliser maker Yara’s Q1 lags forecast, eyes extra cash to shareholders


OSLO, April 23 (Reuters)Norwegian fertiliser firm Yara YAR.OL posted a smaller-than-expected rise in first-quarter core income on Friday and stated it’s going to contemplate additional money returns to shareholders within the coming quarters.

January-March earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA), excluding non-recurring objects, rose 16% 12 months on 12 months to $585 million, lagging the $612 million median expectation of 11 analysts polled by Refinitiv.

(Reporting by Terje Solsvik, modifying by Victoria Klesty)

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