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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Borealis Sees Challenging Year Ahead, Outlines 2020 Vision
9:17 AM MST | March 2, 2012 | —Natasha Alperowicz
Garrett: Borouge contributes to profits. Borealis reported a big drop in fourth-quarter 2011 net profits and a slide in quarterly sales, but the company’s full-year results were stronger than in 2010. Net profits were €58 million ($76.7 million) in the fourth quarter compared with €134 million in the year-earlier period. Sales were down 4%, at €1.59 billion. Borealis reported a 52% increase in net profits for the whole of 2011, to €507 million, on sales 13% higher at €7.1 billion. Return on capital employed was 13% in 2011 compared...
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