(canplastics) -- Canadian-based chemical and resin
supplier Nova Chemicals Corporation had a good year in 2011, reporting a profit
rise of 22 per cent in the fourth quarter.
"We generated a profit of
USD77 million compared to a profit of USD63 million in the fourth quarter of
2010," the Calgary-based company said in a press release. "For the full year
2011, we generated a profit of USD615 million compared to a profit of USD263
million for the full year 2010."
The company’s Performance Styrenics
segment reported an operating profit from continuing operations of USD1 million
in each of the fourth quarters of 2011 and 2010, the company continued. For the
full year 2011, the segment generated an operating profit from continuing
operations of USD7 million compared to an operating profit from continuing
operations of USD3 million for the full year 2010. |