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Merck’s Chemical Income Slips

5:14 AM MST | February 18, 2008 | Kerri Walsh

Merck KGaA’s chemicals business reported full-year 2007 operating income down 1.6%, to €631 million ($923 million), on sales up 1.8%, to €2.15 billion. Unfavorable currency exchange rates negatively impacted sales growth by 5.6%, and divestments by 1.2%, Merck says. The chemicals business is made up of Merck’s liquid crystals division and the performance and life science chemicals division. Full-year liquid crystals revenues rose 2.3%, to €916 million, and operating income was unchanged at €487 million. Performance and life science operating income...

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