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People & Business :: Earnings/Finance

Solvay Reports a 12% Hike in Second-Quarter Rebitda

11:13 AM MDT | August 3, 2011 | Alex Scott

Solvay in a preliminary financial report says Rebitda for the second quarter of the year rose 12% to €304 million ($437 million) compared with the same period a year earlier. The net income of €111 million is “greatly improved” from the year ago period when the company recorded a net income of €58 million. Sales by volume increased 4% with the price of goods sold 11% up on the year ago period to compensate for a rise in energy costs, the company says.   Full financial results for the quarter, including actual sales figures, are due...

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