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Regions :: Western Europe :: Denmark

August 5, 2008

Borealis’s Profits Fall on Higher Oil and Naphtha Prices (update, adds CEO and CFO comments)

Kerri Walsh and Ian Young

Borealis’s second-quarter net income dropped 48%, to €71 million ($110 million), on sales up 15%, to €1.8 billion. Operating income fell 66%, to €52 million. Borealis says earnings fell because of increased global crude oil and naphtha...

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