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Higher Sales Lift Most European Chemical Company Profits

1:37 PM MDT | August 22, 2007 | Kerri Walsh

Most late-reporting European chemical companies posted sales and earnings increases for the second quarter and first half. Higher sales volumes and improved cost management helped to drive gains, companies say. Bayer reported second-quarter net income up 46%, to €660 million ($884.5 million), on sales up 22%, to €8.2 billion. The Bayer HealthCare unit drove the sales and earnings improvements, Bayer says. Bayer CropScience reported Ebit before special items up 14%, to €262 million, on sales down 1%, to €1.6 billion. Sales mostly improved in...

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