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DSM Reports Big Fall in Quarterly Profits

11:51 PM MDT | August 4, 2009 | Deepti Ramesh

DSM has recorded a 95% fall in second-quarter net profits, to €10 million, compared with the year-ago period. And sales for the quarter decreased by 20%, to €1.91 billion, compared to the second quarter of 2008. Sales in the second quarter, however, increased by 7% compared to the first quarter of 2009. The general global economic downturn, which is having a very adverse effect on several DSM businesses such as DSM Engineering Plastics, DSM Resins, DSM Fibre Intermediates, DSM Elastomers and DSM Melamine, continued into the second quarter, the company...

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