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Rhodia Sees Slight Improvement in Profitability in Third Quarter and 'Significant Demand Recovery'

1:19 AM MST | November 4, 2009 | Natasha Alperowicz

Rhodia says its third quarter 2009 results have improved substantially, especially in the polyamide and Silcea activities. Recurring earnings before interest, tax, depreciation and amortization (Ebitda) was 2.4% higher at €174 million ($256.7 million) compared with the third quarter of 2008 and operating profit was €104 million in the third quarter of this year versus €65 million in the year earlier period. Volumes substantially recovered in the third quarter from the level experienced in the last quarter with decline limited to 9% year-on-year...

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