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Arkema reports 38% increase of revenue in Q2

August 03/2010

(Bloomberg) -- Arkema SA, the French chemical maker spun off from Total SA, raised its annual earnings forecast for the second time in 2010 as growth in China and the purchase of an acrylics unit helped second-quarter profit recover.

 

Second-quarter net income was 119 million euros compared with a loss of 114 million euros a year earlier. EBIDTA surged to 241 million euros, or 15 percent of sales, from 70 million euros. Revenue rose 38 percent to 1.61 billion euros. Excluding the effects of acquisitions or disposals, sales increased 27 percent.

 

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Arkema reports 38% increase of revenue in Q2

MRC Reference

Arkema.

PE - 121%.


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