IHS Chemical Week

World News and Views :: Top of the News

Borealis’s Profits Fall on Higher Oil and Naphtha Prices (update, adds CEO and CFO comments)

6:32 AM MDT | August 5, 2008 | Kerri Walsh and Ian Young

Borealis’s second-quarter net income dropped 48%, to €71 million ($110 million), on sales up 15%, to €1.8 billion. Operating income fell 66%, to €52 million. Borealis says earnings fell because of increased global crude oil and naphtha prices. Results benefited, however, from the newly formed base chemicals business, especially plant nutrients. The Borouge joint venture with Abu Dhabi National Oil Co. also contributed favorably to results, Borealis says. Naphtha prices have, on average, been 28% higher so far this year compared with the...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa