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Lower Profits from Polymer Intermediates Dent DSM's Results
9:18 AM MDT | May 8, 2012 | Sotirios Frantzanas
DSM says its net and operating profits each decreased 13% in the first quarter of 2012, to €145 million ($188 million) and €200 million from €166 million and €231 million, respectively, in the first quarter of 2011. Ebitda also went down 6% year over year, to €306 million. The decrease in DSM's profits was mainly a result of lower operating profits within the company's polymer intermediates segment as well as the divestment of the DSM elastomers business, the company says. Net sales increased 3%, however, in the first...
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