Borealis net profit dips, flags sequential upturn despite low prices, margins

Borealis net profit dips, flags sequential upturn despite low prices, margins
WESPECH PTE LTD
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05.11.2020

MOSCOW (MRC) -- Borealis (Vienna, Austria) reports a 21% decline year on year (YOY) in net profit to EUR163 million (USD191 million) for the third quarter of 2020, but flags a sequential rise in earnings of EUR99 million compared to the second quarter, said the company.The result is a "clear improvement" sequentially despite continued low prices and margins, reflecting solid demand in ma

Full article at mrcplast.com

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