Ineos Reports Stable Fourth-Quarter Ebitda

Ineos says that, "based on unaudited preliminary management information," the company estimates that its fourth-quarter 2011 Ebitda was €220 million, down 1% on the corresponding period of 2010. The figures are for Ineos's chemicals business , following the divestment of the company's refining business to PetroChina last July. Full-year proforma sales for Ineos's chemicals business were €1.7 billion. "The trading environment in the fourth quarter of 2011 was challenging with global economic and political uncertainties impacting demand in...

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