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Kemira reports lower profits and revenues, looking for acquisitions

6:16 AM MDT | July 22, 2014 | Natasha Alperowicz

Kemira today reported its second-quarter results, with net profit down to €1.8 million ($2.4 million) from €3.7 million in the year-earlier quarter. Revenues decreased 9%, to €518.2 million, because of divestments and unfavorable currency exchange rates. Revenue in local currencies, excluding acquisitions and divestments, remained flat.   Ebitda in the second quarter was down 16%, to €34.9 million, and Ebitda margin dropped from 7.3% in the second quarter of 2013 to 6.7% in the corresponding period of this year. Kemira expects operative...

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