Wednesday, July 25, 2007

UPDATE 1-Nova Chemicals second-quarter profit dips

(Reuters) - The company, Canada's biggest manufacturer of raw plastics,
said profit in the quarter was $80 million, or 96 cents a
share, down from $106 million, or $1.27 cents a share, in the
year-earlier quarter.




Current quarter results include after-tax restructuring
charges of $9 million, or 11 cents a share, from Nova's ongoing
cost cutting while the year-prior period had a $60 million
benefit from tax rate reductions.


Read more at Reuters.com Market News

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