Sinopec Shanghai Petrochemical’s Net Profit Falls

Sinopec Shanghai Petrochemical Company Limited (HKEX: 00338; SSE: 600688; NYSE: SHI) announced the annual results for the twelve months ended 31st December 2019. Net sales of the company in 2019 amounted to RMB88.1 billion ($12.45 billion), a decrease of 7.90% from the previous year’s RMB95.6 million ($13.5 billion). The decrease in sales was attributed to … Read more Sinopec Shanghai Petrochemical’s Net Profit Falls

Nouryon Reports Rise in Earnings on Margin and Cost Control

Nouryon reported growth in profitability in its full-year 2019 financial results, despite challenging conditions in several end markets. Adjusted EBITDA, backed by margin control and expense controls, rose by 5% to EUR1.13 billion ($1.27 billion). Revenues were marginally higher at EUR5.08 billion ($5.7 billion), as a minor volume decline was more than offset by price … Read more Nouryon Reports Rise in Earnings on Margin and Cost Control

Lanxess Earnings to Drop in 2020 Due to Coronavirus Impact

Lanxess has announced that it expects its core income to decline in 2020 as the global coronavirus epidemic is expected to damage its supply chains. The company forecasts that profit before exceptional items will slash EUR 50-100 million ($56.4-112.8 million) as a result of coronavirus, with EUR20 million ($22.6 million) impact projected for the first … Read more Lanxess Earnings to Drop in 2020 Due to Coronavirus Impact

Symrise Achieves Strong Profit Growth of 12.2%

Symrise AG reported increase in profit for full-year 2019 on strong organic business growth. Despite higher expenses, Symrise’s EBITDA grew by 12.2 % to EUR707.2 million ($802.6 million) from prior year’s EUR630.5 million ($715.8 million). The company’s sales increased by 8.0% to EUR3,408 million ($3869 million) from prior year’s EUR3,154 million ($3580 million). The company … Read more Symrise Achieves Strong Profit Growth of 12.2%

Sadara Chemical Reports Huge Losses, Sales Decline

Sadara Chemical Company, a joint venture (JV) between Saudi Aramco and Dow, reported a huge loss in full-year of 2019 due to lower product prices and the costs of asset maintenance which reached SAR9.2 billion ($2.45 billion). Net loss was SAR14.486 billion ($3.86 billion), up from 2018’s SAR3.86 billion ($1.03 billion). Operating loss was at … Read more Sadara Chemical Reports Huge Losses, Sales Decline

Brenntag Increases Profit and Intends to Raise the Dividend

Brenntag AG, a global chemical and ingredients distribution company announced on Wednesday that its profit grew by 1.6% for full-year 2019. Profit before tax grew 1.6% from last year to EUR633.4 million. Operating EBITDA reached EUR1 billion, a year-on-year increase of 11.3%. The earnings were benefited by the initial application of IFRS 16, despite difficult … Read more Brenntag Increases Profit and Intends to Raise the Dividend

Indorama Profits Fall despite High Volumes

Indorama Ventures Limited (IVL) reported a net loss despite rise in volume growth in the fiscal year 2019. The sales volume grew by 18%, driven reportedly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading to 20% reduction in IVL’s core EBITDA, as company stated. Operating cash flow increased 33% to $1.3 … Read more Indorama Profits Fall despite High Volumes

Arkema’s Net Income, Volumes Decline, Sees Market Uncertainty Impacting Demand

Arkema reported fall in adjusted net income and sales in 2019 due to a challenging macro environment. In the fourth quarter, sales fell 7% on year to EUR2.05 billion ($2.26 billion). The company’s adjusted net income for the full year came in at EUR625 million ($678.8 million) from EUR725 million ($800.6 million) in 2018. Sales … Read more Arkema’s Net Income, Volumes Decline, Sees Market Uncertainty Impacting Demand

Fairchem Speciality Limited Net Profit Increased 7.6% for Q3, 2019

India’s Fairchem Speciality Limited reported rise in profit growth in the third quarter 2019 on strong Oleochemicals margins. The company has posted net profit of Rs.7.2 crores ($1 million) for the period ended December 31, 2019, an increase of 7.6% as against Rs.6.69 crores ($0.93 million) for the prior-year quarter. The company has reported net … Read more Fairchem Speciality Limited Net Profit Increased 7.6% for Q3, 2019

Borealis Reports Increase in Profit for Q4 2019

Borealis announces a net profit of EUR 138 million ($151.8 million) for the fourth quarter of 2019, compared to EUR 94 million ($103.4 million) in the same quarter of 2018. While the 2018 result was impacted by a one-off impairment charge of EUR 92 million ($101.2 million), the result in the fourth quarter of 2019 … Read more Borealis Reports Increase in Profit for Q4 2019

Univar Earnings and Revenues Fall Short of Estimates

Univar Solutions Inc. reported a fall in profit for the fourth quarter and full year of 2019. The results were impacted by reduced demand in global industrial markets. In the fourth quarter, the company reported sales of $2.2 billion, up 9.3% compared to the prior year quarter. The company reported a loss of $55.1 million, … Read more Univar Earnings and Revenues Fall Short of Estimates

I G Petrochemicals Net Profit Declines 74.5% for Q3, 2019

India’s I.G. Petrochemicals reported fall in profit growth in the third quarter 2019 on poor Pthalic Anhydride (PAN) margins. The company has reported net sales of Rs.276.60 crores ($38.6 million) during the period ended December 31, 2019, a decrease of 12.96% as compared to Rs.317.79 crores ($44.3 million) during the prior-year quarter. The company has … Read more I G Petrochemicals Net Profit Declines 74.5% for Q3, 2019

IOL Chemical Reports Profit in Q3

India’s IOL Chemical reported profit growth in the third quarter 2019 on strong API sales. The company reported a 20% year on year growth in EBIDTA at Rs 163 crore ($22.7 million) in December quarter. EBIDTA margin grew to 31.65% from 28.39% in the prior-year quarter. The company’s income from operations increased by 8% to … Read more IOL Chemical Reports Profit in Q3

Westlake Earnings and Sales Fall on Weak Pricing

Westlake Chemical Corporation saw lower profits in the fourth quarter of 2019, hurt by reduced global sales prices for its major products. The chemical maker posted a profit of $72 million down around 41% from $123 million it earned in the prior-year quarter. Decrease in profit was attributed to lower global sales prices for key … Read more Westlake Earnings and Sales Fall on Weak Pricing

Albemarle Reports Results, Misses Estimates

Albemarle Corporation announced its results for the fourth quarter and full year 2019. The company’s net sales in fourth quarter increased 8% to $993 million with an adjusted EBITDA of $295 million increasing 12%. Its full year net sales increased 6% to $3.6 billion with an adjusted EBITDA of $1.04 billion increasing 3%. Net sales … Read more Albemarle Reports Results, Misses Estimates

Bhageria Industries Reported Profit on Lower Sales

India’s Bhageria Industries reported profit growth in the third quarter 2019 despite fall in sales revenue. Growth in dye intermediates margin aided to the rise in profit. Net profit of Bhageria Industries rose 17.41% to Rs 17.74 crore ($2.5 million) in the quarter ended December 2019 as against Rs 15.11 crore ($2.1 million) during the … Read more Bhageria Industries Reported Profit on Lower Sales

Chemours Earnings Down on Titanium dioxide, Fluoroproducts

The Chemours Company, a global performance chemicals manufacturer reported a fall in revenue for the fourth quarter 2019. Chemours fourth quarter 2019 net sales were $1.35 billion, a 7.6% fall from prior-year quarter. The company reported a loss of $317 million in the fourth quarter of 2019 against a profit of $142 million a year … Read more Chemours Earnings Down on Titanium dioxide, Fluoroproducts

Jindal Poly Films Doubles Profit, Plans Capacity Expansion

India’s Jindal Poly Films doubled its profit growth in the third quarter on strong packaging films margins. Net profit of Jindal Poly Films rose 120.90% to Rs 120.81 crore ($17 million) in the quarter ended December 2019 as against Rs 54.69 crore ($7.6 million) during the previous quarter ended December 2018. Sales rose 12.13% to … Read more Jindal Poly Films Doubles Profit, Plans Capacity Expansion

Aarti Industries Reports Profit Growth, Fall in Sales

India’s Aarti Industries reported a profit growth in its third quarter despite a fall in sales revenue. According to the company, strong margins in higher value specialty chemicals led to the growth in profit. Net profit of Aarti Industries rose 4.59% to Rs 139.84 crore ($19.5 million) in the quarter ended December 2019 as against … Read more Aarti Industries Reports Profit Growth, Fall in Sales