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People & Business :: Companies
Bayer's MaterialScience Returns to Profit; CropScience Earnings Fall
4:53 AM MDT | July 29, 2010 | Kerri Walsh
Bayer’s MaterialScience division returned to a profit during the second quarter helped by higher demand, but CropScience’s earnings fell because of “difficult market and weather conditions,” the company says. Ebit from MaterialScience was €226 million, compared to a €22-million loss. Sales soared 47%, to €2.7 billion because volumes rose “significantly in all product groups and regions,” the company says. CropScience earnings dropped 28%, to €269 million before special items, on sales up 2%, to...
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