Evonik Reports Lower Second-Quarter Net Income and Sales; Cautious about Full-Year

Evonik today reported a 33% decline in second-quarter net profit to, €270 million, on sales 9% lower, at €3.48 billion, but says it expects to report slightly higher sales for fiscal 2012 with operating results “probably in line with or slightly above the excellent 2011 level." Evonik’s second-quarter 2011 net income of €401 million included one-off expenses from divestments. After adjustment for these nonoperating effects, net income slipped €131 million in second quarter of this year.   The decline in sales in the...

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