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Ineos Reports a Decline in Third-Quarter Ebitda

7:16 AM MDT | October 24, 2011 | Ian Young

Ineos says that, "based on unaudited management information," its third-quarter 2011 Ebitda was €371 million. The figure is 20% lower than Ebitda posted by Ineos in the third quarter of 2010 and 36% below the company's reported Ebitda in the second quarter of 2011. Sales were not disclosed. "Global economic and political turbulence has created hesitancy in many markets, leading to a softening in demand in a number of sectors toward the end of the third quarter," Ineos says. The Ebitda figure covers only Ineos's chemicals businesses...

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