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DSM Third-Quarter Profits, Sales Up

2:15 AM MDT | October 27, 2008 | Deepti Ramesh

DSM has recorded a 28% increase in net profits to €182 million for the third quarter, compared to the same period last year. And sales for the quarter was up by 9% to €2.4 billion The operating profit increased by 27% to €267 million and this was achieved despite higher feedstock and energy costs of approximately €170 million and much lower currency exchange rates versus the Euro, DSM says. All of this was compensated for by the substantial organic growth in the nutrition and agro businesses of the group, DSM adds. “DSM has reported a...

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