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Bayer's Profits Decline on Flat Sales; MaterialScience Makes Positive Contribution

7:48 AM MDT | October 27, 2009 | Natasha Alperowicz

Bayer reported a 6.1% drop in earnings before interest and tax (Ebit) for the third quarter of this year to €837 million ($1.25 billion) on 7% lower sales of €7.4 billion. Ebitda before special items was flat at €1.5 billion. The company says...

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