Cabot goes into profit in Q2 as margins improve

Boston, Massachussetts – Cabot Corp. has announced net income of $12 million for the three months ended 31 March 2006, compared with a net loss of $50 million a year earlier.

Commenting on the results, Kennett Burnes, Cabot’s chairman and ceo, said, “Although our margins in rubber blacks and performance products improved from last quarter, high raw material and natural gas costs in the second quarter continued to put a great deal of pressure on margins and working capital.” He continued, ” Rubber blacks and…

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