LPG player Yara set for $133m hit in Q4

Norway's Yara International is to book a big impairment charge in the fourth quarter due to two of its fertiliser plants.

The LPG carrier owner will knock NOK 1.15bn ($133.5m) off the bottom line to 31 December, it said.

Of this, NOK 930m relates to production plants in France and Trinidad.

Operating profit is expected to be about NOK 0.7bn, with EBITDA at NOK 3.5bn.

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