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INEOS confirmed a continuation of good conditions for Chemicals in the third quarter of 2010

November 04/2010

(INEOS) -- Based on management information INEOS reports that Historical Cost EBITDA for the third quarter of 2010 was ?402 million, compared to ?376 million for Q3, 2009 and ?478 million for Q2, 2010.


Refining inventory holding losses amounted to ?4 million in the quarter, reflecting the movement in crude oil prices over the period. Combined Replacement Cost EBITDA for Refining and Historical Cost EBITDA for Chemicals was ?406 million for the quarter, compared to ?325 million for Q3, 2009 and ?496 million for Q2, 2010.


The Group has continued to focus on cash management and liquidity. Net debt was approximately ?7.0 billion at the end of September 2010. Cash balances at the end of the quarter were ?547 million. The Group has repaid ?250 million on the Revolving Credit Facility during the quarter. Net debt leverage was approximately 4.3 times as at the end of September 2010.


mrcplast.com

INEOS confirmed a continuation of good conditions for Chemicals in the third quarter of 2010

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