Financial report sample-summary-Yara

（Edited by freelance Chinese translator li – English to Chinese translation or Chinese to English translation services- financial report translation）

Yara’s first-quarter net income（净收入） after minority interest（少数股东损益） was NOK（挪威克朗） 2,808 million (NOK 9.63 per share), compared with NOK 1,085 million (NOK 3.67 per share) last year. Excluding net foreign exchange gains/losses（净汇兑损益）, the result was 2,473 million (NOK 8.48 per share), compared with NOK 1,040 million (NOK 3.52 per share) in the first quarter 2007.

First-quarter operating income（营业收入） was NOK 2,860 million, compared with NOK 1,063 million last year. EBITDA（Earnings Before Interest, Tax, Depreciation and Amortization，即息税折旧摊销前利润） was NOK 3,988 million, compared with NOK 1,787 million in the first quarter last year.

“Our results increased strongly in the first quarter, driven by（驱动） substantial margin expansion（利润增长/毛利增长） for nitrate（硝酸盐） and NPK（氮磷钾肥） fertilizer. This demonstrates the value of Yara’s European position（欧洲市场地位）, helped by a strong European fertilizer market, and our unique position in more high-value （高价值）fertilizer products like nitrates and NPKs”, said Thorleif Enger, President and Chief Executive Officer of Yara.

“The global fertilizer market（肥料市场） has remained tight（紧张） during the last year, with global production running close to full capacity（全部产能）. The market has been balanced by a combination of higher prices reducing demand and increased Chinese exports attracted by high prices. The recent announcement of 135 % Chinese export tax（出口关税） for fertilizer will further tighten（使紧张） the global market”, said Thorleif Enger.