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Borealis reports ?92m net profit in Q2 2010

August 13/2010

(plastemart) -- Borealis has announced a net profit of ?92 mln for Q2-2010, a further improvement compared to ?54 mln in Q1-2010, as well as when compared to Q2-2009. Net profit was reported at ?146 mln year to date; vs ?35 mln during the same period in 2009.

Feedstock prices came down after a peak in April while polyolefin market prices continued to increase leading to improved industry margins. European polyolefins industry sales volumes are in line with previous years' sales levels. Borealis' sales volumes increased quarter-on-quarter in most market segments compared to the first quarter of 2010.

Borealis reports ?92m net profit in Q2 2010

Справка Маркет Репорт

Borealis. The share in the Russian market in 2008:

 polyethylene - 4.1% (including HDPE - 4.7%, LLDPE - 8.7%);
 polypropylene - 3.2% (PP-impact - 7.5%).


Annual sales growth in Russia over the last 5 years:
 polyethylene - 11%;
 polypropylene - 6%.


Leader in polymers processing technologies:
 extrusion coating;
 cable extrusion;
 injection molding.

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