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Rhodia Returns to Profit in the Fourth Quarter

6:36 AM MST | February 24, 2010 | Kerri Walsh

 Rhodia's profit improved in the fourth quarter because of demand recovery and an 8% increase in volumes. Net income was €28 million ($38 million) compared to a €28-million loss in the year-ago period. Sales fell 5%, to about €1.1 billion mainly because of an 11% reduction in selling prices, Rhodia says. Recurring Ebitda rose 42%, to €200 million because of "effective price management." Rhodia generated free cash flow of €53 million. "We ended 2009 with record operating profitability in the last quarter and...

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