Regions :: Western Europe :: Switzerland
Clariant's Quarterly Results Rise on Improved Demand and Higher Selling Prices
5:26 AM MDT | November 3, 2010 | Kerri Walsh
Clariant's third-quarter sales and profits rose compared to the year-ago period because of solid demand, higher selling prices, and cost reduction programs that were already in place. Net income soared to SF109 million ($111 million), including a one-time benefit of SF45 million, compared to income of SF25 million. Operating income before special items jumped 70%, to SF182 million, on sales up 1%, to SF1.7 billion. Revenues fell sequentially, showing the return to normal seasonality, Clariant says. Sales growth in North America and Europe was...
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