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Arkema Buoyed by Financial Growth for Full Year 2011, Despite Tougher Fourth Quarter

3:31 AM MST | March 8, 2012 | Alex Scott

French chemicals group Arkema has recorded a net income of €76 million ($100 million) for fourth quarter 2011, a 36% drop compared with the same period a year earlier. Corresponding sales increased 17% to €1.4 billion. Ebitda of €158 million for the fourth quarter was 13% down on the year-ago period. The drop in fourth quarter performance was not enough to prevent the company from posting a record high for its financial performance for full year 2011. Net income for the year climbed 33% to €574 million on sales up 21% to €5.9 billion...

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