January 31, 2008 / 1:15 PM / 10 years ago

Nova flips to fourth-quarter profit

(In U.S. dollars)

OTTAWA, Jan 31 (Reuters) - Nova Chemicals Corp NCX.TO returned to a fourth-quarter profit as the petrochemical maker reported bigger sales, several one-time gains and a smaller restructuring charge than the previous year, it said on Thursday.

Nova, which has been working to improve the performance of its styrene and polystyrene operations through a joint venture with Britain’s Ineos, earned $126 million, or $1.51 a share, reversing a year-earlier loss of $781 million, or $9.46 a share.

$1=$1.00 Canadian Reporting by Susan Taylor; Editing by Scott Anderson

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