IHS Chemical Week

People & Business :: Earnings/Finance

Nova Posts Lower Results on Depreciation Expense, Falling Prices

11:51 AM MDT | August 9, 2012 | Lindsey Bewley

Nova Chemicals reported a second-quarter net income of $189 million, down 16% from the year-ago quarter, a figure that is primarily due to an increase in depreciation expense and a decline in the mark-to-market values of our open feedstock derivatives. Sales were up 2%, to $1.4 billion.   The company’s olefins and polyolefins business unit posted an operating income of $340 million, down 7% form the year-ago quarter, on an increase in depreciation expense and lower margins, which were partially offset by higher sales volumes. Meanwhile, Nova’s...

This information is only available to Chemical Week subscribers.


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

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 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