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Altana Reports Increased Sales, Operating Profits

6:10 AM MDT | August 8, 2012 | Sotirios Frantzanas

Altana (Wesel, Germany) says sales increased 5% in the first half of 2012, to €886.4 million ($1.09 billion), compared with €840.3 million in the first half of 2011. There was a slight decline in sales volumes, which was offset by price increases and product mix effects, the company says. Net profits remained at the same level as in the prior-year period: €89.9 million. There was a slight increase of 1% in operating profits year-over-year, to €132.4 million. "Altana is looking back on quite a successful first half of 2012...

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