Austria’s Borealis posts higher profits in Q3
by ChemOrbis Editorial Team - content@chemorbis.com
According to a media release on the company’s website, Austria’s Borealis, a major provider of polyolefin and base chemicals, posted a net profit of €304 million in Q3 of 2016 when compared to €257 million in the same period of 2015. The company reported that the solid increase in its profit was mainly driven by strong polyolefin industry margins and the contribution from Borouge, its Abu-Dhabi based complex.
However, net sales of the company were down to €1,753 million in Q3 of 2016 when compared to €1,870 million of the same period of 2015.
However, net sales of the company were down to €1,753 million in Q3 of 2016 when compared to €1,870 million of the same period of 2015.
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