Kemira's Fourth Quarter Operating Profit Up; Will List Tikkurila In March

Kemira reported a more than doubling in operating profit, excluding non-recurring items, for the fourth quarter of 2009 to €27.8 million ($38 million), compared with €11.7 million in the year-earlier period on sales 5% lower at €594.7 million. Ebitda  reached €38.4 million compared with €2.1 million in the corresponding period of 2008. Net profit was €9.3 million compared with a loss of €68.5 million in the fourth quarter of 2008. For the whole of 2009, Kemira's sales were down 7% at €2.5 billion as demand weakened in...

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