The replay access numbers are: Standard International: +44 (0) 333 Dutch chemicals company OCI has reported a net loss of $40m for Q2 2018, mainly attributed to the accounting of depreciation and interest for IFCo and foreign exchange movements. The company’s financial results were affected by an increase in its tax rate from 19% to 25% effective 1 January 2018. CEO Nassef Sawiris also noted the $100m reduction of debt in the quarter, and said the company was anticipating a strong second half due to higher fertiliser prices.
Dutch chemicals company OCI has reported a net loss of $40m for Q2 2018, mainly attributed to the accounting of depreciation and interest for IFCo and foreign exchange movements. The company’s financial results were affected by an increase in its tax rate from 19% to 25% effective 1 January 2018. CEO Nassef Sawiris also noted the $100m reduction of debt in the quarter, and said the company was anticipating a strong second half due to higher fertiliser prices.