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Georgia Gulf's Earnings Boosted by Higher Sales Volumes
8:36 AM MST | February 17, 2011 | Lindsey Bewley
Georgia Gulf reported fourth-quarter 2010 net income of $15.1 million, compared to a net loss of $124.7 million for the year-ago period. Sales were up 38%, to $692.8 million, on higher sales prices in vinyl resins and caustic soda, as well as higher sales volumes in the company’s chlorovinyls and aromatics segments. Operating income was $33.6 million, compared to a loss of $18.6 million in the year-ago quarter, driven by higher ECU values and higher chlorovinyls and aromatics sales volumes, which were partially offset by higher raw materials costs...
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