IHS Chemical Week

People & Business :: Companies

Huntsman's Profits Rise on Higher Volumes and Selling Prices

7:51 AM MDT | August 5, 2010 | Kerri Walsh

Huntsman’s second-quarter earnings swung to a profit because of higher volumes and selling prices, as well as cost-cutting measures. Sales and volumes rose across all businesses. Net income was $75 million, compared to a $66-million loss excluding special items. Earnings were $114 million compared to $406 million in the year ago period inclusing special items. Second-quarter 2009 earnings include a $531-million gain related to Huntsman’s terminated merger and related litigation with Apollo Management.  “The second quarter of 2010 was a...

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