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Chemical Week Magazine :: Newsbriefs
Ineos Posts Positive Ebitda
10:45 AM MST | January 26, 2009
Ineos estimates that it generated replacement cost Ebitda (RC Ebitda), adjusted to exclude inventory holding gains and losses, of €300 million ($397 million) in the fourth quarter of 2008. The estimate is based on “unaudited preliminary management information,” the company says. Inventory holding losses in the fourth quarter were €1 billion, reflecting “the significant decline in oil prices.” Ineos says its net debt was €7.5 billion at the end of 2008 and that its RC Ebitda-net debt leverage ratio was 4.6 times. The figure...
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