Latest news with #Yara
Yahoo
4 days ago
- Business
- Yahoo
Yara says it will invest in US ammonia projects
(Reuters) -Yara, one of the world's largest producers of fertilisers, said on Friday it planned to renew its ammonia portfolio by investing in projects in the U.S., as part of a push to improve shareholder returns. "With the combination of cost reduction, portfolio optimization and a tightening nitrogen markets, Yara's financial position is set to strengthen with increased free cash flow and sustained profitability," CEO Svein Tore Holsether said in a statement. "At the same time, we are ahead of plan in our cost and (capital expenditure) reduction program," Holsether added. The Norwegian group embarked in 2024 on a $300 million cost and capex-cutting plan, which it said was so far ahead of schedule. "So far, it suggests a Q4 2025 run rate of $2.35 billion excluding currency effects, which would represent $180 million in annual fixed cost savings net of inflation," Yara said. It reported adjusted earnings before interest, taxes, depreciation and amortization of $652 billion for the April-June period, below analysts' expectations that expected it to reach $668 billion, according to a company-provided consensus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
4 days ago
- Business
- Reuters
Yara says it will invest in US ammonia projects
July 18 (Reuters) - Yara, ( opens new tab one of the world's largest producers of fertilisers, said on Friday it planned to renew its ammonia portfolio by investing in projects in the U.S., as part of a push to improve shareholder returns. "With the combination of cost reduction, portfolio optimization and a tightening nitrogen markets, Yara's financial position is set to strengthen with increased free cash flow and sustained profitability," CEO Svein Tore Holsether said in a statement. "At the same time, we are ahead of plan in our cost and (capital expenditure) reduction program," Holsether added. The Norwegian group embarked in 2024 on a $300 million cost and capex-cutting plan, which it said was so far ahead of schedule. "So far, it suggests a Q4 2025 run rate of $2.35 billion excluding currency effects, which would represent $180 million in annual fixed cost savings net of inflation," Yara said. It reported adjusted earnings before interest, taxes, depreciation and amortization of $652 billion for the April-June period, below analysts' expectations that expected it to reach $668 billion, according to a company-provided consensus.
Reuters
4 days ago
- Business
- Reuters
Yara reports core profit miss for 2nd quarter
July 18 (Reuters) - Yara, ( opens new tab one of the world's largest producers of fertilisers, missed adjusted core profit expectations on Friday as it reported its second-quarter results. The Norwegian group posted adjusted earnings before interest, taxes, depreciation and amortization of $652 billion for the April-June period, below analysts' expectations that saw it reach $668 billion, according to a company-provided consensus.
Saudi Gazette
5 days ago
- Health
- Saudi Gazette
Saudi conjoined twins Yara and Lara successfully separated in 12.5-hour surgery
Saudi Gazette report RIYADH — A Saudi medical and surgical team achieved a new milestone on Thursday by successfully separating conjoined twins Yara and Lara in a highly complex procedure that lasted 12.5 hours. The operation was performed at King Abdullah Specialist Children's Hospital, part of King Abdulaziz Medical City under the Ministry of National Guard in Riyadh. Dr. Abdullah Al-Rabeeah, Advisor at the Royal Court and Supervisor General of King Salman Humanitarian Aid and Relief Center (KSrelief), who also leads the Saudi Conjoined Twins Program, confirmed that the seven-month-old twins were joined at the lower abdomen and pelvis, sharing parts of the colon, rectum, urinary and reproductive systems, and pelvic bone. A team of 38 specialists, including consultants in pediatric surgery, anesthesia, urology, orthopedics, plastic surgery, and nursing, participated in the delicate operation. The surgery marks the 65th successful separation conducted under the Saudi Conjoined Twins Program, which has evaluated 150 conjoined twin cases from 27 countries over the past 35 years. Dr. Al-Rabeeah praised the Kingdom's global leadership in humanitarian medical care, attributing the success of the program to the unwavering support of Custodian of the Two Holy Mosques King Salman and Crown Prince Mohammed bin Salman. He also expressed gratitude to the surgical team for their exceptional efforts, describing the operation as a testament to Saudi Arabia's ongoing commitment to medical excellence and human dignity. The family of Yara and Lara extended heartfelt thanks to the Saudi leadership and the entire medical team, expressing deep appreciation for the advanced care and tireless dedication that ensured the success of the procedure and the safety of the twin girls.
Saudi Gazette
5 days ago
- Health
- Saudi Gazette
Saudi conjoined twins Yara and Lara undergo separation surgery in Riyadh
Saudi Gazette report RIYADH — The Saudi medical and surgical team of the Saudi Conjoined Twins Program on Thursday began the complex operation to separate conjoined twins Yara and Lara at King Abdullah Specialist Children's Hospital in Riyadh. This comes under the directives of Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman. Dr. Abdullah Al-Rabeeah, Supervisor General of the King Salman Humanitarian Aid and Relief Center (KSrelief) and head of the surgical team, confirmed that the seven-month-old twins were born on Nov. 5, 2024, with a combined weight of 10 kilograms. Each has separate upper and lower limbs, and after thorough evaluations and several medical board meetings, the team determined separation was possible. The twins are joined at the lower abdomen and pelvis, sharing parts of the colon, rectum, urinary and reproductive organs, and pelvic bones. The surgery is expected to unfold in nine stages over approximately 15 hours, involving 38 medical experts including consultants in pediatric surgery, urology, orthopedics, anesthesia, plastic surgery, as well as nursing and technical teams. The success rate is estimated at 70 percent. Al-Rabeeah noted that the program has assessed 150 cases from 27 countries over the past 35 years, with 64 successful separations. This operation marks the 65th procedure under the program and the 16th for Saudi conjoined twins. He expressed deep gratitude to the Kingdom's leadership for its unwavering support, which he said has enabled Saudi medical teams to provide world-class care, elevate the quality of life for affected children and families, and position the Kingdom as a global leader in complex humanitarian medical procedures. The program continues to enhance its clinical and research capabilities and share accumulated knowledge with medical professionals inside and outside Saudi Arabia, contributing to a lasting humanitarian impact and reinforcing the Kingdom's standing in advanced surgical excellence.
