Correction to Yara 2Q Net Profit Story
July 19 2013 - 4:06AM
Dow Jones News
"Yara 2Q Net Profit Down 33% on Year Due to Lower Prices," at
0645 GMT, misstated the net currency losses in 2Q 2012 and 2Q 2013,
and also misstated the appreciation of the dollar in the 11th
paragraph under MAIN FACTS. The correct paragraph follows:
The company reported a NOK409 million foreign exchange loss in
the second quarter, compared with a NOK135 million FX loss a year
ago, mainly due to the U.S. dollar depreciating 2% versus the euro
and gaining 3% against the Norwegian krone and up to 10% against
Yara's emerging markets currencies, including the Brazilian
real.
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