Rhodia do Brasil.

Rhodia do Brasil--a Brazilian subsidiary of the French Rhone Poulenc Group--recently released first quarter results. Quarterly operating profits grew 45% (from $46 to $68 million) compared to the same period in 1998. Net sales increased from R$530 million to R$660 million. The company attributes its positive results to the strong performance of its Rhodia-Ster polyester fiber business. In related news, plans are under way at Rhodia S.A. to sell its chemicals operations, which represent approximately 9% of worldwide sales for Rhodia S.A.

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Title Annotation:	financial information
Publication:	Nonwovens Industry
Article Type:	Brief Article
Geographic Code:	3BRAZ
Date:	Sep 1, 1999
Words:	86
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Topics:	Chemical industry Finance Chemicals Drugs Pharmaceutical industry Finance

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