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Arkema’s Third-Quarter Profits Rise

5:53 AM MST | November 15, 2007 | Kerri Walsh

Arkema reported net income up 68%, to €37 million ($54 million), on sales down about 1%, to €1.38 billion. Recurring operating income rose 50%, to €75 million, and Ebitda rose 26%, to €127 million. The vinyl products division’s Ebitda doubled, to €18 million, on sales of €335 million. Sales were unchanged compared to year-ago levels. Industrial chemicals sales increased 4%, to €603 million, excluding unfavorable currency exchange rates and divestments. Ebitda for the division rose 21%, to €75 million because of productivity improvements and...

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