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Lonza reports huge rise in profits

4:21 AM MDT | July 24, 2014 | Deepti Ramesh

Lonza recorded net profits of 140 million Swiss francs ($155 million) for the first half of 2014 compared with profits of SF41 million in the first half of 2013. Sales for the first half of 2014 increased by 3.2% compared with the year-ago period, to SF1.80 billion. In the first half of 2014, Lonza’s specialty ingredients and pharma and biotech market segments both delivered a sound performance despite currency headwinds and are fully on track to deliver the growth targets, Lonza says. The sales growth of 3.2% and core Ebit growth of 13.1% to SF241 million...

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