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DSM Reports a Fourth-Quarter Loss on Special Items
8:16 AM MST | February 24, 2010 | Kerri Walsh
DSM reported a fourth-quarter 2009 loss of €60 million ($81 million) including exceptional items, compared to earnings of €42 million in the year-ago period. Net income rose 22%, to €89 million before special items. Sales fell 4%, to €2 billion, and operating profit jumped 155, to €142 million. DSM says growth in most emerging markets, especially China, has returned to levels before the economic downturn. Growth in Europe and North America, however, remains "modest and fragile," although market conditions have improves...
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