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Solvay with more than 60% profits increase

One of the largest chemical companies in the world - Solvay, reported about 60% profit increase for the third quarter of 2010. The company engaged in Plastics and Chemistry sectors owns factories in Europe, Asia, Africa and America as its markets are the best in the industry. The financial crisis hurt seriously the company in 2008 and 2009, but in the end of third quarter 2010 Solvay reported profits of 478 millions USD, which is more than 60% higher result that the same period in 2009. The sales incomes of the company increased with 20% to 5.5 billions USD. The net profit of Solvay for the third quarter was reported to 193 millions USD. The company continue its development from the decrease of financial crisis, but the good business management and expenses decrease turned the company back into profits. The company gave 0.90 EUR dividend per share after tax and proved the words of the management team that company will not stop paying dividends even in the years of financial crisis. This year Solvay sold its division in Pharmaceutical sector to Abbott for more than 4 billions USD.
The company redirected its investments to Plastics and Chemistry sectors, where has traditions and markets.