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Markets :: Specialty Chemicals :: Soap and detergents

Novozymes reports 9% increase in fourth-quarter revenue; appoints new CEO

8:41 AM MST | January 21, 2013 | Francinia Protti-Alvarez

Novozymes (Bagsvaerd, Denmark) generated a 9% year-on-year increase in revenue during the fourth quarter of 2012, amounting to 2.8 billion Danish kroner ($499.5 million), the company said today. The company’s net profit for the quarter stood at DK493 million, 36% above the profit declared during the fourth quarter of 2011. Fourth-quarter operating profit—Ebit—rose by 35%, to DK671 million, from the same period in the previous year.   Revenue from Novozymes' household-care enzymes increased by 12%, to DK932 million, in the fourth...

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