IHS Chemical Week
EARNINGS/FINANCE

Uralkali reports lower profits on higher sales as potash markets stabilize

8:38 AM MDT | August 29, 2014 | Natasha Alperowicz

Uralkali (Berezniki, Russia), a leading global producer of potash, today reported a 7% drop in net profit in the first six months of the year to $370 million on 7% higher revenue of $1.73 billion. Ebitda was down 12% year-on-year (YOY) to $767 million and...


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Momentive Performance Materials moves closer to Chapter 11 exit

Silicones and quartz producer Momentive Performance Materials (MPM) says the US Bankruptcy Court for the Southern District of New York is likely to confirm the company’s reorganization plan once changes are made to the interest rate paid to bondholders...

Keyuan Petrochemicals widens loss in second quarter

Keyuan Petrochemicals (Ningbo, China) reports a net loss of about $1 million for the quarter ended 30 June compared with a net loss of $500,000 in the year-ago quarter due to a foreign exchange loss of $1.7 million as a result of the depreciation of the...

PetroChina’s chemicals business narrows loss

PetroChina’s refining and chemicals business reports an operating loss of 3.43 billion renminbi ($559 million) in the first half of 2014 compared with an operating loss of Rmb15.86 billion in the first half of 2013. PetroChina’s chemicals business...

Tessenderlo swings to profit during first half

Tessenderlo Group reports a net profit of €27.7 million ($36.5 million) for the first half of the year compared with a €35.1-million net loss in the first half of 2013, according to the latest company results, released today. Tessenderlo says it...

SQM's second-quarter net profit drops almost 35%

Sociedad Química y Minera de Chile (SQM; Santiago) reports a net profit of $71.1 million for the second quarter, down almost 35% year-on-year (YOY). Pretax profit also fell, to $100.9 million from $143 million in the year-ago quarter, and revenue...

Sinopec’s chemicals business loss widens

Sinopec’s chemicals business reports an operating loss of 3.96 billion renminbi ($645 million) in the first six months of 2014 compared with a loss of Rmb409 million in the first six months of 2013 due to fierce competition in the domestic market and...

Westlake boosts dividend by 31%

Westlake Chemical (Houston) says its board of directors has declared a dividend of 16.5 cts/share, an increase of 31% over the 12.6 cts/share paid during the second quarter of 2014....

Siegfried reports a slight increase in profits

Siegfried (Zofingen, Switzerland) reports a 1.6% rise in net profits for the first six months of 2014 compared with the year-ago period, to 18.8 million Swiss francs ($20.5 million). First-half sales decreased 16%, however, to SF165.1 million. Fluctuations in...

Carlyle's Axalta files for IPO

Axalta, the former automotive coatings business of DuPont, has filed with the US Securities and Exchange Commission (SEC; Washington) for an initial public offering....

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