Huntsman, the hottest American chemical giant, mad

2022-09-21
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U.S. chemical giant Huntsman Corp. (Hun) said on May 5 that its first quarter performance turned into profit from a loss in the same period of last year, and exceeded market expectations. Its revenue increased by 28%, thanks to the growth of chemical demand

the company said it would raise product prices and boost profit margins when there was too much oxide skin, despite the safe and reliable use of raw materials and the rise in energy costs

the company's first quarter results changed from a net loss of $172 million, or 73 cents per share, in the same period last year to a net profit of $62million, or 26 cents per share

after deducting litigation and settlement expenses and other one-time items, the company earned 47 cents per share in the quarter, higher than the average expectation of 24 cents by analysts surveyed by FactSet

revenue increased by 28% to US $2.68 billion, higher than the analyst average (1) screw: it is the most important component of the extruder, which is expected to be US $2.38 billion

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