Net sales boosted Abemarle's Q1 performance

By Martim Facada
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 previously.

The sharp decrease in the quarter was related to the repayment of approximately $751.21m...

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