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Regions :: Western Europe :: Switzerland
Cost Pressure Affects Dottikon’s Half-Year Results
12:51 PM MST | December 10, 2007 | DR
Contract fine chemicals manufacturer Dottikon Exclusive Synthesis (Dottikon, Switzerland) says that its net income decreased 2.1%, to $5.5 million, in its fiscal first half, ended September 30. Sales increased by just under 1%, to about $55 million. Dottikon says the dip in financial performance was caused by a more material-intensive product mix and the hiring of additional staff. Dottikon expanded its capacity and workforce during the period and, as a result, human resources and related expenses rose 8%, it says. Dottikon: Hit by product mix issues. There is a...
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