Covestro swings to a net loss as COVID-19 drives down demand

Covestro swings to a net loss as COVID-19 drives down demand
WESPECH PTE LTD
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24.07.2020

MOSCOW (MRC) -- Covestro swung to a net loss of EUR52.0 million (USD60.3 million) in the second quarter from a net profit of EUR189 million in the corresponding period of last year on sales down 32.9% to about EUR2.2 billion, according to Chemweek.The company confirms that EBITDA plunged 72.8% year on year (YOY) to EUR125 million, which it had communicated in preliminary results released

Full article at mrcplast.com

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