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Solvay's headquarters in Brussels

Update Solvay swings to second-quarter net loss of €292m

(updates with further financial detail throughout)

LONDON (ICIS)--Solvay registered a second-quarter net loss of €292m, compared to €148m profit made in the same period a year earlier, on the back of impairment charges linked to the joint venture (JV) created with INEOS, the Belgian producer said on Thursday.

However, Solvay's net sales for the three months to June increased 2% year on year to €2.64bn, with recurring earnings before interest, tax, depreciation and amortisation (REBITDA) rising 10% to €485m, the company said.

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