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Arkema Posts Drop In 2013 Profit

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Arkema SA (OTC: ARKAY) reported a drop in its 2013 net profit.

Arkema's net profit for the year declined 24% to 168 million euros ($232 million), while sales slipped 4.6% to EUR6.1 billion.

Its earnings before interest, taxes, depreciation and amortization declined 9.4% to EUR902 million. Arkema projects sales to increase to EUR8 billion by 2016.

Arkema shares closed at $106.15 yesterday.

Posted-In: profitEarnings News

 

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