Borealis: Third Quarter Results
Borealis AG announces a net profit of EUR 159 million for the third quarter of 2008, a 30% decrease over the same period last year. Excluding the one-off gain on the sale of assets in 2007, the net profit increased by 33% over the same period last year. Net interest-bearing debt increased by EUR 207 million during the quarter, predominantly due to increased working capital. The gearing ratio increased to 46%, up from 41% in the second quarter of 2008.
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