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Lonza Half Year Profits, Sales Up

12:17 AM MDT | July 23, 2008 | Deepti Ramesh

Lonza has recorded an 83% increase in net profits to CHF 267 million ($260 million) for the first half of the fiscal year ended June 30, 2008. And sales grew by 13% to CHF 1.46 billion. The first half financial performance of the company was on track despite currency and raw material challenges, Lonza says. The performance was led by growth in exclusive synthesis and life science ingredients businesses, together with cost and efficiency improvements, Lonza adds.   “Lonza’s mix of life science products and services and the general stability of its...

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