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DSM Reports a 43% Drop in Fourth-Quarter Profits as European Growth Stalls
8:56 AM MST | February 29, 2012 | Alex Scott
DSM reported a net profit for the fourth quarter 2011 down 43% compared with the year-ago quarter to €85 million ($114 million), on corresponding sales up 1% to €2.2 billion. Net profit for the quarter before exceptional items grew 1% compared with the same period a year ago to €118 million, while sales of continuing operations increased 7%.DSM has proposed to increase its share dividend for 2011 by €0.10 to €1.45 per ordinary share. DSM’s full year 2011 net profit growth was stronger than for the final quarter of 2011 and...
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