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Markets :: Specialty Chemicals :: Food additives
Improved Demand; Favorable Currency Exchange Rates Lift Danisco's Earnings
5:13 AM MDT | September 21, 2010 | Kerri Walsh
Danisco reported a 31% jump in profits for its fiscal first quarter ended July 31 because of improved business conditions in all four divisions, especially sweeteners, and favorable currency exchange rates. Profits were DKK 402 million ($71 million) on sales up 13%, to DKK 3.9 billion. Organic growth accounted for 5% of the sales gain, and currency exchange rates, 8%, Danisco says. Ebit before bio chemicals projects (BCP) was DKK 687 million, reflecting a margin expansion of 2 percentage points. "Already this quarter, we achieved our long-term...
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