Home / Knowledge / News / Textiles / Net income soars at Huntsman Corp in Q4
Net income soars at Huntsman Corp in Q4
17
Feb '17
For the three months ended December 31, 2016, net income at Huntsman Corporation soared massively to $137 million, as against $9 million in the prior year’s fourth quarter. Resultantly, diluted income per share also surged to $0.53 versus $0.02, while adjusted diluted income per share was $0.30 vis-à-vis $0.51 in the fourth quarter of 2015.

Net revenues in the reporting quarter at the textile dyes and pigments producer were $2,395, higher than $2,332 million in the earlier year’s same quarter.

Revenues in the Textile Effects division in the fourth quarter of 2016 were nearly flat, when compared with the same period of earlier year, as lower local currency average selling prices were offset by higher sales volumes, which increased in Asia, Europe and South America.

In the period under review, adjusted EBITDA too rose higher at $256 million as against $240 million in the fourth quarter of the previous year, driven primarily by higher volumes and lower raw material costs. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

Digital technology to accelerate Indian business growth

Indian business will benefit much by going digital, according to a...

Textiles | On 27th Mar 2017

Raymond to buy 98,000 metres khadi fabric from KVIC

Raymond, leading Indian fashion retailer, has ordered 98,000 metres...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search