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Kemria’s Water Treatment Unit Drives Third-Quarter Results

6:47 AM MDT | October 31, 2007 | Kerri Walsh

Kemira reported third-quarter net income up 15%, to €52.9 million ($76.2 million), on sales up 12%, to €729.5 million. Operating profit excluding nonrecurring items rose 12%, to €65.8 million. Operating profit before special items rose in the pulp and paper business, but sales fell because of downtime in the pulp mills in Finland and raw material delivery problems, Kemira says. The biggest gains came from the Kemria water business. Operating profits excluding special items jumped 65%, to €14.9 million, on sales up 84%, to €187.4 million because of...

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