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Solvay Q1 net profit rises

May 15/2019

MOSCOW (MRC)--Solvay's net profit rose in the first quarter of this year amid higher product prices across all of its business segments, said the producer. 

Shareholders voted in favor of all the resolutions proposed. More specifically, they approved the payment of a gross dividend of EUR3.75 per share for the year 2018. After deduction of the interim dividend of EUR1.44 gross per share, paid in January 2019, the balance amounts to EUR2.31 gross per share, payable as of May 23, 2019.

During the General Shareholders Meeting, shareholders also approved the re-election of Mrs. Marjan Oudeman as independent director and Mr. Charles Casimir-Lambert as director of the Board, both for a four-year term. The shareholders also confirmed the mandate of Mrs. Ilham Kadri as director. Mr. Yves-Thibault de Silguy has reached the statutory age limit and therefore did not seek re-appointment. The number of directors therefore falls from 16 to 15.

The Board has unanimously decided to appoint Mrs. Amparo Moraleda to chair the Nominations Committee, succeeding to Mr. Yves-Thibault de Silguy.

Solvay is an advanced materials and specialty chemicals company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers worldwide in many diverse end-markets. Its products are used in planes, cars, batteries, smart and medical devices, as well as in mineral and oil and gas extraction, enhancing efficiency and sustainability. Its lightweighting materials promote cleaner mobility, its formulations optimize the use of resources, and its performance chemicals improve air and water quality.
Author:Anna Larionova
Tags:petroleum products, Crude oil, petrochemistry, Solvay.
Category:General News
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