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DSM Reports Higher Earnings and Sales, Signals End of Divestment Program

6:18 AM MST | February 23, 2011 | Ian Young

DSM reported fourth-quarter 2010 net profits of €149 million compared with a €60-million net loss in the same period of 2009, on sales up 9%, to €2.2 billion. Net profits were boosted partly by divestment proceeds. Operating profits from continuing operations increased 17% year on year in the fourth quarter, to €170 million on sales from continuing operations up 18%, to €2.1 billion. Organic sales growth was 14% in the fourth quarter compared with the year-earlier period, evenly spread over volume growth and pricing strength, despite...

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