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People & Business :: Companies

Arkema Returns to Black

11:34 AM MDT | July 26, 2007 | Kerri Walsh in Paris

Arkema reported its first full-year results as an independent company since it was spun off from Total early last year. Arkema’s 2006 net income was €45 million, including €93 million in nonrecurring charges, compared to a €427-million loss. Last year was the first time in three years that Arkema posted a profit. Sales rose 3%, to €5.87 billion. Ebitda improved 20%, to €425 million, above Arkema’s financial target of 10%-15% growth, the company says. Improved sales and earnings stem from “better performance products...

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