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Borealis’ Third Quarter Delivers Positive Results

Companies ♦ Published: November 11, 2011; 12:40 ♦ (Vindobona)

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The Austrian chemical company doubled its profit in an increasingly challenging market environment.

Borealis’ Third Quarter Delivers Positive Results / Picture: © Borealis

Borealis reported a net profit of € 107m in the third quarter of 2011 compared to € 54m in the same quarter of 2010. Overall the company announced a net profit of € 448m year to date, compared to € 200m during the same period in 2010. Borealis’ net debt position improved in the third quarter by € 17m, resulting in a gearing of 38%.

These results were achieved in…