Olin posts loss on impairment charge, weak chemical results

Olin posts loss on impairment charge, weak chemical results
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

06.11.2020

MOSCOW (MRC) -- Olin Corporation reported a third-quarter net loss of USD736.8 million, compared to same year-ago quarter net income USD44.2 million, reported Chemweek. The loss reflects a USD700 million goodwill impairment charge and weaker chemical results. Net sales were USD1.4 billion, down 8.8% year-on-year (YOY). Reported adjusted EBITDA was USD195.5 million, down 33% YOY on weaker

Full article at mrcplast.com

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