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Borealis posts stronger net profit in Q2

by ChemOrbis Editorial Team -
  • 13/08/2015 (16:14)
Austria’s Borealis announced stronger net profits for the second quarter, according to a press release published on the company’s website. The company posted a €351 million ($389 million) net profit in the second quarter of 2015, up 145% from the €143 million ($159 million) profit recorded in the same period of the previous year. In the first half of 2015, meanwhile, the company’s net profit was reported at €489 million ($542 million), up from €245 million ($272 million) in the same period of 2014.

The company cited stronger margins for integrated polyolefins producers as the main reason behind their stronger net profit. However, Borealis’ net sales decreased slightly to €2.04 billion ($2.26 billion) in the second quarter of 2015, down from €2.09 billion ($2.32 billion) in the April-June period of the previous year while net sales dropped to €4.03 billion ($4.47 billion) in the January-June period from €4.35 billion ($4.83 billion) a year earlier.
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