Borealis Posts Declining Net Income

Businessn.a. ♦ Published: August 24, 2012; 18:05 ♦ (Vindobona)

Borealis recorded a net profit of € 112m in the second quarter of 2012 compared to € 168m during the same period in the record year 2011. Sales were down slightly.

Borealis Posts Declining Net Income / Picture: © Vindobona.org

Borealis, a leading provider of chemical and innovative plastics solutions, recorded a net profit of € 112m for the second quarter of 2012 compared to € 168m in the same quarter in 2011. Net profit for the first half of 2012 reached € 252m compared to € 341m during the same period of the record year 2011.

The Base Chemicals business and Borouge,…