Tronox reports Q3 net loss as TiO2 price declines offset higher volumes
Published: Thursday, 05 November 2015
While y-o-y volumes in its TiO2 business have seen a slight improvement, pigment prices have continued to fall resulting in a net loss. On a sequential basis, the segment continued to deteriorate as revenue, prices and volumes all experienced a decline.
Titanium dioxide (TiO2) producer Tronox Ltd has
reported an increase in Q3 2015 revenue to $575m compared with
$429m in 2014.
However, despite the increase in sales, the company reported
net loss of $60m, compared with net loss of $93m in Q3 2014 as
an increase in year-on-year (y-o-y) volumes...