Yara''s net profit fell to the 2nd tri of 2017

The Norwegian Yara International fall below expected results for the second quarter of the year, citing the wide offer of some fertilizers and high gas prices.
The manufacturer of fertilizers had net profit of 699 million Norwegian crowns ($ $86,000,000), down from 3 billion kroner a year ago and also lower than the estimate of analysts, from 1.21 billion kroner.
"Our industry is facing a wide range of urea and other nitrogen products," said the CEO of Yara, Svein Tore Holsether, adding that this has affected the margins of fertilizer manufacturer.
The high gas prices, given the intensive use of energy in production, also weighed on the results. The overall costs of Yara gas grew 24% in the quarter compared to the previous year