SOURCE: Industrial Info Resources

Industrial Info Resources

May 05, 2010 05:00 ET

Westlake Chemical Returns to Profit on Higher Olefins Prices, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 5, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Westlake Chemical Corporation (NYSE:WLK) (Houston, Texas) recently reported earnings for the first quarter of the 2010 fiscal year. The company showed a strong return to profit with $17.6 million in net income, compared with a net loss of $6.1 million in the same period last year. Income from operations in Westlake's Olefins segment rose a massive 262% to $58.2 million. Industrial Info is tracking $370 million of active Westlake projects.

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