Wednesday, February 18, 2009

Solutia clocks 13% decline in Q4 net sales

Solutia, a US-headquartered performance materials and specialty chemicals company, posted a 13% decline in fourth quarter net sales to US$429 mln compared to US$492 mln in same quarter last year. Howeever, the company recorded year-on-year increase of 4% in adjusted EBITDA to US$72 mln against US$69 mln in the fourth quarter of 2007.

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