Markets :: Specialty Chemicals :: Paints and Coatings
Oxiteno's Ebitda increases 21%, supported by weaker currency and higher volumes
8:05 AM MDT | May 16, 2013 | Francinia Protti-Alvarez
Oxiteno, the specialty chemicals arm of Ultrapar (São Paulo), achieved an Ebitda of 81 million Reais ($40 million) during the first quarter of 2013 compared with the same quarter of 2012. The Ebitda figure represents a 21% increase over the same quarter the year before, supported by a 13% weaker Brazilian currency, and higher sales volume, the company announced today. Net sales amounted to R$755 million during the first 3 months of 2013, up about 17% compared with the R$647 million generated in the same period the year prior. Specialty chemical sales...
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