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Arkema's Quarterly Results Swing to a Profit
4:05 AM MST | March 2, 2011 | Kerri Walsh
Arkema returned to a profit in fourth-quarter 2010 because of improved demand and higher selling prices. Net income for the quarter was €58 million ($80 million), compared to a €20-million loss. Sales jumped 32%, to €1.4 billion. Ebitda more than doubled, to €166 million, including a €20-million loss from strikes related to pension reforms in France. Ebitda rose across all business units, but operating losses widened in the vinyl products business. Arkema says its price hikes were most significant in acrylic monomers, caustic...
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