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Lower Polysilicon Prices Dent Wacker's Q2 Results

3:36 AM MDT | July 25, 2012 | Sotirios Frantzanas

Wacker Chemie says that in the second quarter of 2012, it was unable to match the strong sales and profits figures of second-quarter 2011, due mainly to a substantial reduction in polysilicon prices. Sales and net profits decreased 7.8% and 57.5% year-over-year, to €1.22 billion ($1.48 billion) and €60.6 million, respectively. Favorable exchange rates from a stronger dollar helped the company's sales in the second quarter of 2012, but overall sales volumes were slightly down compared with the corresponding period of 2011. Ebitda and EBIT...

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