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Komu (NYSE: CC): third quarter Como net sales of $1.5 billion, down 9% from the same period last year. Among them, the Titanium Technology Division sales of $616 million, down 18% from the same period last year. Adjusted EBITDA was $78 million, down 59% from the same period last year.
: Teno earned $575 million in the third quarter, up 34.03 percent from the third quarter and 6.81 percent from the second quarter. Teno's titanium dioxide business earned $380 million, down 11% from a year earlier, mainly due to lower #0000FF prices for
ntcolor titanium dioxide
pigments. Sales of titanium dioxide pigments were down 18% from a year earlier, with sales up 4% and the average price of pigments down 22%. Sales of pigment products grew in Europe, the Middle East, Africa and Latin America.
(NYSE: KRO): Connos reported a net loss of $121,000 in the third quarter of 2015, down 21% from the third quarter of 2014. The main reasons for the decline in sales of titanium dioxide pigments are two: the continued weakness of the global titanium dioxide market, and the severe price pressure exerted by Chinese and other producers of titanium dioxide.
Domestic Listed Enterprises
Yulilian: In the third quarter of 2015, Henan Yulilian's operating income reached 578 million yuan, up 8.67 percent year-on-year, and net profit was 12.038 million yuan, down 15.38 percent year-on-year. Basic earnings per share were RMB0.06, down 25% YoY. There are two main reasons for the change in performance: First, the price of the main raw materials fell in the third quarter, second, the company's leading product titanium dioxide production balance, production and sales increased compared to the same period last year, while the company strengthened production cost control to reduce the company's production costs, resulting in the company's main business gross margin increased.
: In the third quarter of 2015, nuclear titanium white operating income reached RMB312 million, a decrease of 21.60% YoY, and a net loss of RMB34.299 million, a decrease of 236.22% compared to the same period last year. Basic earnings per share -0.0745 yuan, down 221.34 percent from a year earlier. There are two main reasons for the change in performance: first, the market for titanium dioxide was depressed in 2015, with lower sales prices and sales volume than the previous year, and second, the amortized restricted stock cost in 2015 was about 36 million yuan.
, 2015: Anadarta's operating income in the third quarter of 2015 was RMB141 million, a decrease of 32.53 percent year-on-year and a net loss of RMB409.78 million, a decrease of 575.74 percent compared to the same period last year. Basic earnings per share -0.1906 yuan, down 575.31 percent from a year earlier. The main reason for the change in performance is the weakness of the titanium dioxide market and the low selling price.
, 2015: The net profit of Jinpu Titanium was RMB25 million to RMB35 million in the third quarter of 2015, an increase of 94.02% to 171.63% compared with the same period last year. Basic earnings per share were 0.05 to 0.07 yuan, up 25% to 75% from the same period last year. There are two main reasons for the change in performance: First, the annual demand for titanium dioxide has rebounded, the gross profit margin of products has increased;