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Rhodia's Net Income Soars on Improved Selling Prices

3:21 AM MDT | May 5, 2011 | Kerri Walsh

Rhodia reported first-quarter 2011 net income more than doubled, to €151 million ($225 million), on sales up 28%, to €1.5 billion. Organic volume grew 9%, and overall selling prices jumped 13%. Rhodia’s recent Feixiang acquisition also contributed to sales growth, the company says. Rhodia says it expects its full-year 2011 recurring ebitda to exceed €1 billion.  Recurring Ebitda rose 28%, to €283 million because of a “strong level of demand and excellent pricing power, the later reflecting the quality of the portfolio and...

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