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Brenntag Reports Big Increase in Second-Quarter Net Profits

6:46 AM MDT | August 10, 2011 | Ian Young

Brenntag posted a 75% increase in second-quarter net profits compared with the same period of last year, to €68 million on sales up 11%, to €2.2 billion. Gross profits increased 6% year on year, to €444 million and operating Ebitda increased 10%, to €168 million. Every region contributed to Brenntag's profits and sales growth although the weaker dollar caused slight declines in operating gross profits and operating Ebitda in North America, the company says. Efficiency gains boosted earnings in Europe, Brenntag adds. "A robust performance...

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