LyondellBasell profit dips 6 percent; to pay special dividend
Oct 26 (Reuters) - Chemical producer LyondellBasell Industries NV posted a 6 percent drop in quarterly profit on Friday due in part to higher costs in European operations.
For the third quarter, the company reported net income fell to $846 million, or $1.46 per share, from $895 million, or $1.33 per share, in the year-ago period.
Revenue declined 10 percent to $11.27 billion.
The company, which is technically based in the Netherlands but run out of Houston, will pay a special, one-time dividend of $2.75. The payout will be in addition to the company's current quarterly dividend of 40 cents.
- Mexican train derails, stranding 1,300 migrants headed toward U.S.
- Gaza toll nears 100, militants threaten Israeli airport |
- Ukraine says rebels will pay as missiles kill 23 soldiers |
- A game of two popes: Vatican plays down talk of World Cup rivalry
- Haskell collapses in Texas court as details of murder read