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DSM reports fall in third-quarter net profits

2:44 AM MST | November 6, 2012 | Sotirios Frantzanas

DSM says its net profits fell 53%, to €81 million ($103 million), in the third quarter of 2012 compared with the same period of 2011, on a 1% decrease in net sales, to €2.3 billion. Ebit and Ebitda also decreased 36% and 20% in the third quarter of 2012, to €147 million and €270 million, respectively. DSM's third-quarter results were impacted by the continued weak conditions in the global economy. The economic challenges in the eurozone remained significant, the slowdown in China persisted, and the United States continued to grow at...

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