Mon. Feb 26th, 2024
Kemira’s year-end pace slowed due to decrease in chemical prices – Economy

Kemira, an industrial chemical company, has announced a dividend of EUR 0.68 per share for its shareholders. Despite a decrease in net sales in October-December compared to the previous year, Kemira’s operating profit increased by 17 percent from the previous year to 667 million euros. The loss related to the sale of the Oil & Gas business shrank the actual operating profit to just under 113 million euros. However, this was still a significant improvement over the previous year’s operating profit of 549 million euros. Overall, Kemira reported record high profitability last year with a turnover of 3.38 billion euros and an operating profit of 463 million euros.

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