Borealis’s Profits Fall on Higher Oil and Naphtha Prices (update, adds CEO and CFO comments)

09:25 AM | August 5, 2008 | kerri walsh and ian young

Borealis’s second-quarter net income dropped 48%, to €71 million ($110 million), on sales up 15%, to €1.8 billion. Operating income fell 66%, to €52 million. Borealis says earnings fell because of...