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Kemira Posts Higher Earnings and Sales

7:08 AM MDT | May 3, 2011 | Ian Young

Kemira posted a 15% increase in first-quarter 2011 operating profits compared with the same period of 2010, to €45 million on sales up 8%, to €557 million. Net profits from continuing operations increased to €38 million from €28 million. "2011 started well for Kemira, despite increased pressure from rising raw material prices," says Kemira CEO Harri Kerminen. "Healthy volume demand and sales price increases drove revenue growth and together with continuous efficiency improvements increased Kemira's operating profits to a record...

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