Yara Q2 earnings top forecasts

OSLO, July 18 Wed Jul 18, 2012 2:13am EDT

OSLO, July 18 (Reuters) - Norwegian fertiliser firm Yara reported second-quarter core earnings above expectations on Wednesday and said global grain markets remained tight, supporting fertiliser demand.

"Second-quarter nitrogen fertiliser deliveries in Europe were primarily for immediate consumption, but pre-buying incentives for the new season are stronger than a year ago, given the recent strengthening of grain prices," the firm said.

April-June adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), excluding one-off items, rose 47 percent to 5.20 billion Norwegian crowns ($850.60 million), beating expectations for a 30 percent rise to 4.47 billion. ($1 = 6.1134 Norwegian crowns) (Reporting by Victoria Klesty)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article