Oslo-listed fertiliser and LPG carrier group Yara International has plunged into the red in the fourth quarter as revenue fell.
The company said higher deliveries and lower energy costs were more than offset by lower fertiliser prices.
The net loss was NOK 333m ($40m), against a profit of NOK 434m a year earlier.
Revenue dropped to NOK 22.32bn from NOK 25.72bn.
Last year it took delivery of five LPG carriers from Hyundai Mipo Dockyard (HMD) in South Korea.
Three
