Q2 results roundup: : Lower prices and uncertainty continue
- Autores: Industrial Minerals
- Localización: Industrial Minerals, ISSN 0019-8544, Nº. 586, 2016 (Ejemplar dedicado a: Septiembre)
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
Belgian chemicals manufacturer Solvay SA reported a 6% year-on-year (y-o-y) decline in net sales to EUR 2.95bn ($3.27bn) in the second quarter of this year, as foreign exchange fluctuations had a negative impact on conversion rates while prices decreased 2% owing to lower raw material and energy costs, the company said in its Q2 financial results on 29 July.
Q2 loss dropped to $912m, down from a loss of $190m in Q2 2015, as the activity and prices in oil and gas continued to decline steeply, mainly in the Eastern Hemisphere, Baker Hughes said in its results statement.
Ceramic proppant volumes fell to 71m lbs (32,205 tonnes) down from 190m lbs (86,182 tonnes) in Q2 2015, while Northern White sand sales volumes dropped to 41m lbs (18,597 tonnes) compared with 258m lbs (117,027 tonnes) the previous year. This resulted in total sales volumes of 112m lbs (50,802 tonnes) vs 448m lbs (203,209 tonnes) in 2015.
