Chemical | 10 November 2021
Arkema raises outlook on strong sales, net profit
Company's net income multiplied by 2.4 at €258 million, representing €3.44 per share in Q3'21
Company's net income multiplied by 2.4 at €258 million, representing €3.44 per share in Q3'21
Compared to 3Q20, recurring operating result in U.S. dollar increased 116% due to better spreads for main chemicals, PE and PVC in Brazil, for PP in the United States and Europe and for PE in Mexico.
The company has posted net loss of Rs.-35.3607 crores for the 6 months period ended September 30, 2021.
The company has reported total income of Rs.11416.67 crores during the 6 months period ended September 30, 2021.
The company has reported total income of Rs.439.79 crores during the 6 months period ended September 30, 2021.
The company has reported total income of Rs. 279.52 crores during the quarter ended September 30, 2021.
The company has reported total income of Rs.145.85 crores during the half year ended September 30, 2021.
The company reported total income of Rs. 308.88 crores during the quarter ended September 30, 2021.
The company has reported total income of Rs. 57.16 crores during the quarter ended September 30, 2021.
The company has reported total income of Rs. 847.34 crores during the quarter ended September 30, 2021.
The company has posted net profit of Rs. 505.92 crores for the quarter ended September 30, 2021.
The increase in earnings can be attributed to higher margins due to strong demand in all segments, tight supply and additional earnings from the newly acquired businesses within the Engineered Materials segment
Investment is part of Company's ongoing commitment to supporting customers in the Eastern Hemisphere
The Patent Office has granted the patent for an invention - Herbicidal Formulation containing Pendimethalin and OxyFluorfen for the 20 years from 17th day of April, 2017.
The company successfully commissioned chloromethane project at Vilayat Unit, Gujarat.
The IGPL board has approved brownfield expansion of phthalic anhydride with a capacity of 53,000 MTPA
Phase 1 of 5,500 MT of insoluble sulphur line and 42,000 MT of sulphuric acid line at Dharuhera is expected to be commissioned by November 2021
Earnings per share totaled 1.02 EUR compared to 0.76 EUR a year ago which is an increase of 34%
The new 400-square-meter laboratory will enhance the Group’s development capabilities for high-performance specialty PU additives and processing aids for a variety of PU applications
The strong sales growth in the third quarter was driven predominantly by the Adhesive Technologies business unit
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