France's Total Q4 chemicals operating profit falls 59% to €72m

11 February 2010 07:26  [Source: ICIS news]

SINGAPORE (ICIS news)--Total’s chemicals segment reported a fourth-quarter adjusted net operating income of €72m ($98.6m), down 59% year on year due to significantly weaker market conditions for base chemicals, the French energy major said on Thursday.

Sales for the segment during the quarter were down 2% year on year to €3.93bn.

Base chemicals reported a net loss of €16m in the fourth quarter, as compared to a gain of €109m over the same period in 2008.

($1 = €0.73)

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By: Nurluqman Suratman

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