Solutia posts huge Q2 gains, sees significant full-year revenue

07/26/2010 | RTT News

Specialty chemicals maker Solutia has posted a 26% increase in profits for the second quarter -- a net income of $41 million compared with last year's $10 million. Meanwhile, the company's net sales for the quarter rose to $518 million, driven by better performance across all segments, including exceptional sales from the firm's interests in advanced interlayers, performance films and technical specialties. Buoyed by its quarterly gains, Solutia expects its full-year revenue to grow between 10% and 15%.

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