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Update Rhodia's share price up 10% on strong Q3, bullish outlook

LONDON (ICIS news)--Rhodia’s shares rose by around 10% on Wednesday after the French specialty chemicals company released strong third-quarter results and a bullish outlook for the fourth quarter.

Rhodia’s shares were trading at €11.49 at 12:41 local time on the Euronext exchange, up from Tuesday’s close of €10.45.

Earlier, it posted a third-quarter net profit down 75% year on year to €14m ($21m) but a net profit excluding discontinued operations up 59% to €35m.

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