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Merck KGaA Earnings Rise; Upbeat in Guidance for 2010

1:24 PM MST | February 23, 2010 | Natasha Alperowicz

Merck KGaA reported earnings before interest and tax (Ebit) in the fourth quarter of 2009 at €84.9 million ($115.7 million) compared with a loss of €258 million in the corresponding period of 2008, due mainly to "a lot of exceptional items last year." Sales in the fourth quarter of 2009 were up 5.9% to €2.03 billion. Fourth quarter 2009 profit after tax was €58.5 million compared with a loss of €277.6 million in the year-ago period. Merck KGaA's full year profit after tax was flat at €376.7 million on sales 2.1% higher...

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