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Economics :: Prices
Price Increases Boost Rhodia’s Net Profits
9:36 AM MST | November 11, 2008 | Chemical Week Editorial Staff
Rhodia posted a 24% increase in third-quarter net profits, to €56 million ($71 million), on a 6% hike in like-for-like sales, to €1.22 billion. Recurring Ebitda, before restructuring, and other operating income and expenses, decreased 3%, to €168 million. The rise in net profits reflects “another quarter of strong pricing power,” Rhodia says. The company increased prices by 14%, “fully offsetting record raw material and energy inflation, as well as a negative foreign exchange impact.” The company observed “the first...
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