Reitzle: It looks like the worst is behind us. Operating income at Total’s chemicals business swung to a €157-million ($209 million) profit in the first quarter, compared with a €32-million loss in the" />
IHS Chemical Week

Chemical Week Magazine :: Business & Finance :: Europe/Mideast

European Chemical Earnings Rise on Improved Volumes

8:21 AM MDT | May 14, 2010 | kerri walsh and Ian young

Late-reporting European chemical companies posted improved first-quarter 2010 sales and earnings compared with a weak year-ago period. Improved volumes and cost-cutting measures, as well as selling price increases, helped to lift profits. Companies continue to warn that the economy remains fragile, however. Reitzle: It looks like the worst is behind us. Operating income at Total’s chemicals business swung to a €157-million ($209 million) profit in the first quarter, compared with a €32-million loss in the...

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