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Nova quarterly profit down 17%, PE gains offset by weak olefins

11:51 AM MDT | August 12, 2014 | Clay Boswell

Nova Chemicals reports second-quarter profit of $167 million, down 17% year-on-year (YOY) from $201 million, with lower margins in the olefins segments partially offset by higher margins in polyethylene. Sales slipped 5.8%, to $1.29 billion....

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