Bloomberg News

Yara CFO Says Focus on Finding ‘Profitable’ Growth Projects

October 21, 2011

Oct. 21 (Bloomberg) -- Yara International ASA’s Chief Financial Officer Hallgeir Storvik said today the company is focusing on finding “profitable” growth projects.

“At this stage we are not excluding at all that we are going to be as successful on finding profitable projects to the benefit of our shareholders, the same way as we have done in the past,” the executive said at the company’s third-quarter earnings conference in Oslo. “That is our priority. If we should arrive at the situation where we think we are not able to fulfill those expectations, then we will be more than happy to pay cash to our shareholders either in the way of dividends or in the form of buybacks.”

To contact the editor responsible for this story: Meera Bhatia at mbhatia2@bloomberg.net


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