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Regions :: Western Europe
... Kemira’s Earnings ‘Disappoint’
1:45 PM MST | January 28, 2008 | Chemical Week Editorial Staff
Kemira says its fourth-quarter earnings “fell far short from expectations,” causing full-year 2007 operating profits to fall below the company’s previous earnings estimates. Kemira will publish its financial results on February 6. Operating profits will be flat against year-ago results before nonrecurring items, Kemira says. The company will include a €47-million ($68.8 million) writedown of assets in its fourth-quarter earnings. The Kemira Specialty business was the cause of most of the earnings shortfall, primarily due to strikes at the...
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