in this issue
World News and Views :: Top of the News
Westlake's Earnings Rise on Improved Margins and Increased Demand
1:35 PM MST | February 23, 2010 | Lindsey Bewley
Westlake Chemical reported a fourth-quarter net income of $12.5 million (19 cts/share), up 111% compared to the year-ago period, on higher margins and strong olefins demand. Sales were up 5.5%, to $630 million, on higher sales volumes for the company’s major products, partially offset by lower sales prices for polyvinyl chloride (PVC) and caustic soda. Income from operations rose 113%, to $23 million. Westlake’s olefins segment posted income from operations of $55.1 million, up 140% from the year-ago period, on significantly higher operating...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee