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Borealis' Q2 profit fell sharply

 Last Update: 2022-08-24
 Source: Internet
 Author: User

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Borealis released its financial report for the second quarter of 2020.
The key financial data are as follows:

(Currency unit: million euros)

Second-quarter net profit was 64 million euros, compared with 328 million euros in the same period last year

During the Covid-19 pandemic, Borealis' polyolefins business sales remained relatively stable, and the performance of its fertilizer business was in line with the same period in 2019

“Since the end of the first quarter of 2020, the European polyolefin industry environment has been affected by the Covid-19 pandemic and deteriorating oil prices

“Our recovery plan focused on cost reduction and investment helps maintain positive results and strong cash flow during the COVID-19 pandemic

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