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Borealis's First Quarter Earnings Rise

5:49 AM MDT | May 6, 2008 | Kerri Walsh

Borealis reported first-quarter net income up 15%, to €130 million ($202 million), on sales up 15%, to €1.7 billion. Operating profits rose 8%, to €137 million. Growth in the polyolefin target markets of infrastructure, automotive, and advanced packaging added to earnings growth, Borealis says. Positive contributions from the newly formed base chemicals business and from Borouge, Borealis’ joint venture with the Abu Dhabi National Oil Company also increased profits, the company says. Borealis’ capital expenditure program is on schedule, says CEO Mark...

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