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Arkema's Second-Quarter Earnings Jump on Improved Volumes

3:35 AM MDT | August 3, 2010 | Kerri Walsh

Arkema’s second-quarter earnings rose on improved economic conditions and the impact of the purchase of Dow’s acrylic assets. Arkema reported net income of €119 million ($157 million), compared to a €114-million loss. Ebitda more than tripled, to €241 million, and recurring operating income was €169 million compared to €2 million. Sales jumped 38%, to €1.6 billion. Volumes increased by 12% supported by strong demand in Asia, an improvement in North America, and the contribution of new developments in growing markets, Dow...

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