in this issue
Chemical Week Magazine :: Newsbriefs
Celanese Profits Rise on Strong Margins and Pricing
2:14 PM MDT | July 30, 2007 | Chemical Week Editorial Staff
Weidman: Volumes improved. Celanese reported fourth-quarter 2006 net earnings down 56%, to $77 million, due in part to a higher tax expense. Net sales increased 8%, to $1.66 billion, driven by improved pricing on continued strong demand, increased volumes in specialty businesses, and positive currency impacts, the company says. Operating profits grew 9.7%, to $185 million, as improved margins offset higher selling and administrative expenses, the company says. Year-ago results included $51 million in non-recurring gains and lower tax expense, Celanese says...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee