Profits wane at Borealis but Europe remains solid

Borealis has posted a net profit of €207 million ($229m) for the third quarter of 2019, compared to €279m ($308m) in the same quarter of 2018, on the back of weak polyolefin prices in Asia affecting the contribution from Borouge. In the third quarter, net debt reduced by €121m ($134m) on the back of the…