Yara Posts Higher Q4 Profit

Norway's Yara International ASA YARIY reported an increase in its net profit for the fourth quarter. Yara's quarterly net profit surged to 1.86 billion Norwegian kroner ($245.24 million), versus a restated profit of NOK63 million, in the year-ago quarter. Its revenue climbed to NOK25.99 billion versus NOK20.47 billion, while earnings before interest and taxes jumped to NOK3.12 billion from NOK656 million. Its operating profit climbed to 2.69 billion Norwegian crowns ($354 million), compared to 583 million crowns. For 2014, Yara announced its plans to would pay a dividend of NOK13 per share, compared to NOK10 a year ago. Yara shares rose 2.34% to close at $51.67 yesterday.