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
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
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
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
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
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
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
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
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
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