TITLE

Wellman posts Q4 operating loss

AUTHOR(S)
Tan, Florence; Gibson, Jane
PUB. DATE
February 2007
SOURCE
ICIS Chemical Business;2/26/2007, Vol. 2 Issue 55, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Wellman posted a $9.6m operating loss in the fourth quarter (Q4) ended December 31, 2006, from a $47.9m loss in the same period a year ago, because of higher costs. Net sales in Q4 were up by 12.9% to $324.5m, but its costs of sales also increased by 20% to $318m, the polyethylene terephthalate producer said. For the flail year, Wellman deepened its operating loss to $62.4m from $37.5m a year ago.
ACCESSION #
24348733

 

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