Net sales boosted Abemarle's Q1 performance
Published: Thursday, 04 May 2017
Albemarle reached a 10% growth in net sales due to higher sales volumes in all segments, having initiated a share repurchase programme and repaid a significant amount of long-term debt.
Albemarle Corporation reported a decrease in their net
earnings year-on-year to $51.2m in Q1 2017 from $228.19m in Q1
2016, taking the share price down to $0.45 per share from $2.02
The sharp decrease in the quarter was related to the
repayment of approximately $751.21m...