Nova Chemicals Corp has reported profits for the fourth quarter, mainly due to higher sales, several one-time gains and a smaller restructuring charge than last year. Nova has earned US$126 mln in the quarter, reversing a year-ago loss of US$781 mln. The US$781 mln included a US$772 million after-tax charge on the writedown of styrene and polystyrene assets Nova put into a joint-venture with Britain's Ineos in an attempt to revive the struggling business.
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Monday, February 04, 2008
Nova Chemicals reports profits in Q4
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