IHS Chemical Week

People & Business :: Earnings/Finance

TVK reports rise in profitability, sales

9:47 AM MST | February 27, 2014 | Michael Ravenscroft

Petrochemical producer TVK (Tiszaújváros, Hungary) says that its operating profit in fourth-quarter 2013 was 411 million forint ($1.82 million) compared with a loss of Ft115 million in the corresponding quarter in 2012. Ebitda was Ft3.75 billion in the fourth quarter of 2013 compared with Ft3.44 billion a year ago, or 9%. Net sales rose from Ft100.3 billion in fourth-quarter 2012 to Ft104.7 billion in fourth-quarter 2013, or 4% year-on-year (YOY). Operating cash flow leapt 379% YOY, from Ft1.86 billion in the fourth quarter of 2012 to Ft8.92...

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