22 April 2016
DETAILS
LyondellBasell Industries (NYSE: LYB) today announced
earnings from continuing operations
for the first quarter 2016 of $1.0 billion, or $2.37 per share.
First quarter 2016 EBITDA was $1.8 billion.
The quarter included a $68 million non-cash,
pre-tax charge for the impact of a lower of cost or market
(LCM) inventory adjustment ($47 million after-tax).
Excluding the LCM adjustment, earnings from
continuing operations during the first quarter
totaled $1.1 billion, or $2.48 per share and
EBITDA was $1.9 billion.
In February, the Argentine wholly owned subsidiary
Petroken Petroquímica Ensenada S.A. (Petroken)
was sold for an after tax gain of $78 million
that impacted earnings by $0.18 per share.
SOURCE : LyondellBasell Industries
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