Borealis: Slowdown in Net Profits

Industrials › Chemicals ♦ Published: May 11, 2012; 11:28 ♦ (Vindobona)

The Austrian chemical company Borealis recorded a net profit of € 140m in Q1 2012, compared to € 174m in Q1 2011. Net sales were up from € 1.86bn to € 1.88bn.

Borealis: Slowdown in Net Profits / Picture: © Borealis

Borealis, an Austrian provider of chemical and innovative plastics solutions, recorded a net profit of € 140m for the first quarter of 2012 compared to € 174m in the same quarter in 2011. “The decrease in net profit was a result of the difficult market conditions, especially for the European Polyolefin business segment. Both Borouge and the Fertilizer business continued their…

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