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Regions :: Western Europe :: France
Rhodia's Quarterly Earnings Jump on Improved Volumes
6:04 AM MDT | November 4, 2010 | Kerri Walsh
Rhodia’s third-quarter sales and profits rose on a 10% rise in volumes. Net income rose to €56 million ($80 million), from €14 million, on sales up 31%, to €1.4 billion. Operating profit jumped 45%, to €151 million and recurring Ebitda rose 35%, to €235 million. Sales and profits rose across all business units. “In Q3, we delivered another set of strong results, showing a continuous increase quarter after quarter,” says chairman and CEO Jean-Pierre Clamadieu. “We took advantage of the positive business...
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