CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

RE:SPB - revised guidance on weak spec chemicals

[cadiATS]

Roxy27 wrote: Specialty Chemicals results were 60% lower than prior Q results.
Doesn't bode well for Canexus for either operating performance or marketability of the chem unit.

Results in the second quarter of 2015 were impacted by significantly weaker than anticipated results within the Specialty Chemicals business compared to the prior year comparative quarter. Current quarter results in the Specialty Chemicals business were $14.7 million lower than the comparative quarter period due primarily to:

• Reduced sodium chlorate gross profits as a result of reduced sales volumes;
• Resulting from extended pulp producer maintenance downtime during the second quarter of 2015; and
• Chloralkali gross profits were negatively impacted by lower average realized selling prices and sales volumes for hydrochloric acid.

Read more at https://www.stockhouse.com/news/press-releases/2015/07/23/superior-plus-provides-preliminary-2015-2nd-quarter-results-and-revised-2015#dtsL2fuh0sWpcDHp.99

Good luck

Not good for chemtrade too I guess......