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CropScience Lifts Bayer's Second-Quarter Earnings; Rhodia's Results are Up on Higher Selling Prices (update)

4:21 AM MDT | July 30, 2008 | Kerri Walsh

Bayer reported combined second-quarter operating profit before special items for its Bayer CropScience and Bayer MaterialScience up 14%, to €628 million ($979 million) on sales up 6%, to €4.4 billion. “We are particularly pleased at the strong performance of Bayer CropScience and are again raising our full-year guidance for this subgroup,” says management board chairman Werner Wenning. Exchange rates remained unfavorable and energy and raw material costs continued to rise, Wenning says. The CropScience division’s operating income before special items...

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