Adjusted EPS rises 3.09% in 2015 at Huntsman

On the other hand, the company saw a fall of 8.8 per cent in its adjusted EBITDA to $1,221 million in 2015 as compared to $1,340 million in 2014.

The adjusted net income reported by the company in 2015 was $492 million as compared to $478 million in 2014, a rise of 2.92 per cent.

The total revenue reported by the company in 2015 was $10,299 million as compared to $11,578 million in 2014, a fall of 11.04 per cent.

Commenting on the coming year, Peter Huntsman, president and CEO of Huntsman Corporation said, “In 2016, primarily as a result of lower priced oil and a lower global economic growth environment, we expect continued EBITDA pressure on our cyclical businesses. Growth from our differentiated businesses will offset cyclical pressure and inflationary costs such that we expect our 2016 EBITDA to be a similar amount to 2015.”

“In 2016, we will continue to pursue actively a separation of our TiO2 business through a spinoff to shareholders or other strategic transaction,” he added. (MCJ)

Fibre2Fashion News Desk – India