Westlake earnings, sales decline on lower volumes due to COVID-19

MOSCOW (MRC) -- Westlake reported second-quarter net income of USD15 million, down 87.4% year-on-year (YOY), on net sales down 20.3%, to USD1.71 billion. Earnings totaled 11 cents/share, beating analysts' consensus estimate of 0 cents/share, as reported by Refinitiv (New York, New York), said Chemweek.Demand declined in the quarter, as did prices, for caustic soda and downstream vinyl pr

Full article at mrcplast.com