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(ICIS) -- Arkema’s adjusted net profit in
the third quarter edged up by 1.56% year on year to ?130m ($181m) as stronger
product prices helped offset spikes in raw material costs and a one-off charge,
the French specialty chemicals firm said on Wednesday. The third-quarter results
included a non-recurring charge of ?27m related to the acquisition of Total's
specialty resins businesses, the company said.
Arkema’s revenues in the July-September period grew by 18.6% year on year
to ?1.85bn, while earnings before interest, tax, depreciation and amortisation
(EBITDA) increased by 6.91% to ?263m, the company said in a statement.
The company’s financial performance for the quarter was within
expectations, said Thierry le Henaff, chairman and CEO of Arkema. “This
performance was boosted by strong growth in Asia, a region that now accounts for
20% of our sales, and new markets developed with our performance polymers, in
particular in solutions for sustainable development,” he said.
mrcplast.com
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