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30.07.2010

Celanese Posts Q2 Profit Surge, Boosts 2010 Forecast

Celanese Corp said on Thursday that second-quarter profit rose 50 percent as the improving economy continued to increase demand for its products, and the chemical maker raised its full-year outlook.
Net income rose to $160 million, or $1.01 per share, from $107 million, or 69 cents per share, a year earlier.
Excluding one-time items, the company posted profit of $1.12 per share. Revenue at the Dallas-based company rose 22 percent to $1.52 billion. Analysts expected $1.46 billion. more
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