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People & Business :: Earnings/Finance
Novozymes reports higher sales and earnings
11:40 AM MDT | October 25, 2013 | Ian Young
Novozymes (Bagsvaerd, Denmark) posted a 9% increase in third-quarter net profit compared with the year-earlier period, to 568 Danish krone, on sales up 3%, to DK2.9 billion. Operating profit increased 5% year-on-year, to DK755 million. The company reports flat sales to the food and beverages industry and says sales to the bioenergy industry increased 22% YOY. "All sales areas are contributing to growth," says Peder Holk Nielsen, president and CEO of Novozymes. "Household care and BioAg have done well, and we're currently seeing strong momentum in...
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