Huntsman Corp., the worldwide chemicals conglomerate run out of Salt Lake City and The Woodlands, Texas, has reported that its revenue rose 21 percent in fiscal 2011, compared with its prior year.

The company said revenue reached $11.2 billion. Net income was $247 million, or $1.02 per share. A year earlier, Huntsman reported net income of $27 million, or 11 cents per share.

"Looking forward, we anticipate that the corporation will see an improving global economy," said President and CEO Peter Huntsman. "Most of our businesses have strong upside potential as we see a continued recovery in the world's economy."

For the fourth quarter of 2011, Huntsman Corp. reported that its revenue rose 9 percent, to $2.6 billion. Net income was $105 million, or 44 cent per share, compared with $30 million, or 12 cents per share, recorded in the final quarter of fiscal 2010.

steve@sltrib.com

Twitter: @OberbeckBiz