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Clariant raises second-quarter sales and earnings, confirms targets

12:27 AM MDT | July 30, 2013 | Natasha Alperowicz

Clariant today reported a 29% increase in second-quarter net profit, to 71 million Swiss francs ($76.2 million), on sales from continuing operations up 2%, at SF1.54 billion, compared with the year-earlier quarter. The company cites higher Ebitda and lower costs, which more than offset higher taxes, as the reasons for the improvement in its net result. Growth was due to higher volumes. The care-chemicals business grew 8% in local currencies, while natural resources was 6% higher, with strong growth in the oil services business compensating for ongoing weakness in...

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