Hexpol profits grow on cost-reduction efforts

MOSCOW (MRC) -- Hexpol (Malmo, Sweden), a polymer compounder, says its net profit for the fourth quarter increased 36% year on year (YOY), to 456.0 million Swedish krona (US54.7 million), despite sales declining 9.8% YOY, to SKr3.40 billion, reported Chemweek. Hexpol says that sales were impeded by negative currency effects, but volumes continued to increase during the fourth quarter comp

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