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Regions :: Western Europe :: France
Total Chemical Results Return to Profit on Improved Demand
5:07 AM MDT | April 30, 2010 | Kerri Walsh
Total says first-quarter operating income for its chemicals business swung to a €157 million ($209 million), compared to a €32-million loss in the year-ago period. Sales jumped 31%, to €4.2 billion. Base chemicals operating income was €44 million, compared to a €40-million loss, on sales up 43%, to €2.5 billion. Petrochemical margins improved, and polymer sales volumes "remained stable," Total says. Specialties operating income soared seven-fold, to €117 million, on sales up 17%, to €1.7 billion...
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