Ciner Resources Q3 income falls as soda ash prices remain low

By Kasia Patel
Published: Friday, 04 November 2016

Soda ash prices fell both internationally and domestically y-o-y as the company attempted to gain market share. However an improvement sequentially resulted in stronger results quarter-on-quarter.

US soda ash producer Ciner Resources LP reported a 14% decrease year-on-year (y-o-y) in net income for the third quarter of 2016 to $23.1m.Net sales increased 3% to $121m for the quarter driven by an increase in soda ash volumes sold of 9%, although these gains were partly offset by...

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