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Arkema Reports Higher Quarterly Earnings; Raises Full-Year Estimates

4:13 AM MST | November 9, 2010 | Kerri Walsh

Arkema returned to profit in the third quarter mostly because of improved business conditions compared to the year-ago period. Arkema reported net income of €130 million compared to a year-ago loss of €3 million. Sales soared 41%, to €1.6 billion because of higher volumes across the company’s business units, higher selling prices, the acrylic activities acquired from Dow Chemical, and favorable currency exchange rates. Volumes in most product lines returned to levels before the economic crisis began in second-half 2008, Arkema says. Ebitda...

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