LyondellBasell Industries NV (LYB) Message Board

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Gold/Mining/Energy : LyondellBasell Industries NV (LYB)

LYB 46.42

+2.7%

Oct 31 9:30 AM EDT

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From: Savant	10/29/2010 11:31:56 AM
	of 98

LyondellBasell swings to profit, revenue up 20% TEL AVIV (MarketWatch) -- LyondellBasell Industries, the Rotterdam plastics and chemicals giant, swung to a third-quarter profit from a year-earlier loss on 20% higher revenue. Net income was $467 million, or 84 cents a share, compared with a year-earlier loss of $651 million. Revenue reached $10.3 billion from $8.61 billion. The company emerged from Chapter 11 bankruptcy proceedings at the end of April and listed on the New York Stock Exchange earlier this month. In a Friday statement, the company called the outlook "tempered compared to the strong second and third quarters." Industry conditions "have held up reasonably well during October," the company said. But "we expect to see the typical seasonal impacts in the refining and oxyfuels areas as well as end-of-year holiday reduced sales to some customers."

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