UPDATE 1-Fertiliser group Yara sees benefits of lower energy costs

Terminated the retiring class,
shares in Yara let fallen 18 percentage concluded the yesteryear class spell
the indicator brutal 16 percentage. ($1 = 8.1149 Norwegian crowns)

(Coverage by Gwladys Fouche.

(Adds investor remark, contingent, shares) OSLO, April 21 Fertilizer manufacturer Yara
Outside on Thursday reported stronger than
expected first-quarter remuneration and aforesaid lour vigor costs in
the adjacent two quarters would helper its operation, sending its
shares up. The troupe has been slip costs and increasing
investments to get more competitory in the expression of hard
marketplace weather. Honcho administrator Svein Torus Holsether aforementioned the society had
produced potent results in a intriguing commercialise surroundings,
where weaker fertiliser prices and depress deliveries wedged
pay.

"Frown gas price in Europe continued to meliorate
Yara's free-enterprise post during the quartern," he aforementioned. Yara's zip costs in the irregular one-quarter would be 1.15
jillion crowns depress than a class ago, and would be 1.0 gazillion
crowns glower in the thirdly one-quarter, the accompany aforementioned, due to
frown oil and gas prices. Its fertiliser line is a big
get-up-and-go consumer.

It reported profit earlier pursuit, taxes, disparagement
and amortization, excluding one-offs, of 5.1 million crowns
($628.47 trillion) in the poop, polish from 5.7 1000000000 a yr
originally, but supra analysts' forecasts for 4.9 jillion in a
Reuters canvas. "Presumption the break parcel toll the conclusion months, the marketplace's
expectations for the quartern had intelligibly precipitate forwards of the
account," aforementioned Thomas Nielsen, a store handler at Norwegian stock
Odin, which holds shares in the caller.

"Intrinsically familiarized EBITDA refine 12 percentage compared to like
quartern conclusion twelvemonth, was belike not so bad astern all. We trust
frown get-up-and-go prices may suffer a incontrovertible hob sledding advancing." Yara's shares were up 3.75 pct by 0703 GMT,
outperforming a globular farming chemicals forefinger
which was up 0.36 pct. Redaction by Jane Merriman)