Borealis: Third Quarter Results
Borealis AG, Vienna/Austria, announced a net profit of EUR 46 million for the third quarter of 2009, a 31% improvement compared to the second quarter of 2009 but a 71% lower result compared to the third quarter of 2008. The positive net profit development in the second and third quarters reflects the company’s continuous focus on cost competitiveness, cash generation and operational excellence. The gearing ration of 47% almost remained the same compared to the second quarter of 2009; net debt increased, driven by Borealis’ ongoing strategic investments.
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