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Kemira reports widening fourth-quarter loss as restructuring continues
7:06 AM MST | February 7, 2014 | Natasha Alperowicz
Kemira (Helsinki) today reported a fourth-quarter net loss of €48.7 million ($66.06 million) compared with a net loss of €40.4 million in the year-earlier period. Revenues were down 2% to €545.2 million, due to unfavorable currency exchange rates. Full-year net loss stood at €25.9 million compared with a net profit of €22.4 million in 2012. Full-year revenue was flat at €2.23 billion. “Kemira’s organic revenue and operative [earnings before interest and tax] increased slightly in the fourth quarter. Of the two...
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