IHS Chemical Week

Markets :: Basic Chemicals :: Petrochemicals :: Ethylene

First-quarter profits pressured despite strong ethylene margins

5:12 PM MDT | May 20, 2013 | CW Staff

Financial results from commodity and diversified firms continue to reflect persistent weakness in the global economy, although expanding ethylene margins have helped many stave off steep declines. Nova Chemicals reports first-quarter earnings of $185 million, down 1.6% year-on-year (YOY). Revenue for the quarter totaled $1.25 billion, down 6.7% YOY, from $1.34 billion. Nova attributes the lower earnings to the $22-million write-off of an unamortized discount related to early repayment. Increased margins in the olefins/polyolefins business unit offset the...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa