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People & Business :: Companies
Merck KGaA Posts Second-Quarter Losses, Cuts Full-Year Guidance
5:46 AM MDT | July 27, 2011 | Ian Young
Merck KGaA posted a net loss of €86 million in the second quarter, compared with net profits of €183 million in the same period of last year, on sales up 16%, to €2.5 billion. The company also reported second-quarter operating losses of €11 million compared with operating profits of €326 million one year earlier. Exceptional charges of more than €360 million weighed on the earnings figures and, as a result, Merck KGaA cut its full-year earnings guidance. "A series of one-time charges adversely affected this quarter's...
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