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Operating income rises 15% at Ashland in Q3FY'14

05 Aug '14
3 min read

Ashland Performance Materials reported a 33 percent increase in EBITDA as composites, elastomers, and intermediates and solvents all turned in improved results. Valvoline continued its strong performance as lubricant volumes and sales both grew 4 percent, while improved product mix and targeted marketing spend drove EBITDA margins to 18.6 percent."

Ashland also said that it would initiate $1 billion in stock buyback program in early August.
 

Fibre2fashion News Desk – India

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