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Non-Tech : Borden Chemicals and Plastics Limited (BCU)
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To: Marty Rubin who wrote ()7/16/1998 6:52:00 PM
From: Marty Rubin   of 22
 
BORDEN CHEMICALS AND PLASTICS LIMITED PARTNERSHIP (2-2 --Marty)
(In millions, except per Unit data)
(Unaudited)

Three Months Ended Six Months Ended
June 30, June 30,
1998 1997 1998 1997
_____ _____ _____ _____
Revenues 146.3 189.8 299.8 384.5
Cost of goods sold 141.9 155.7 293.2 343.7
_____ _____ _____ _____
Gross profit 4.4 34.1 6.6 40.8

MG&A expense 6.6 6.9 12.3 12.7
Interest expense 5.6 5.2 10.4 10.5
Incentive distribution
to General Partner 0.0 0.8 0.0 0.8

Net income $(7.8) $21.2 $(16.1) $16.8
_____ _____ _____ _____
_____ _____ _____ _____
Per Unit Data:
______________
Net income $(0.21) $0.57 $(0.43) $0.45
_____ _____ _____ _____
_____ _____ _____ _____
Cash distribution
declared $0.00 $0.45 $ 0.00 $0.55
_____ _____ _____ _____
_____ _____ _____ _____
Average units 36.8 36.8 36.8 36.8
_____ _____ _____ _____
_____ _____ _____ _____

BORDEN CHEMICALS AND PLASTICS LIMITED PARTNERSHIP
(In millions, except per Unit data)
(Unaudited)

Other Selected Financial Data:
______________________________
Six Month Periods Ended June 30,
1998 1997
____ ____
Net cash provided by operating
activities $(3.2) $21.5
Depreciation $16.2 $24.9
Capital expenditures $15.0 $ 4.2

At June 30, At December 31,
1998 1997
____ ____
Current assets $142.5 $149.4
Property, plant, equipment, net $289.0 $290.2
Total partners' capital $166.9 $183.1
Long-term debt $260.0 $225.0

Contact:

Borden Chemicals and Plastics Limited Partnership
Peter F. Loscocco, 614/225-4482

(http://biz.yahoo.com/bw/980715/borden_che_1.html)
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