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Chemical Week Magazine :: Newsbriefs
Life sciences lift Bayerâ€™s first-quarter results
7:37 AM MDT | April 26, 2013
Bayer reports a â€śpositive developmentâ€ť in its life sciences operations, comprising the Bayer HealthCare and CropScience subgroups, in the first quarter but says that Bayer MaterialScienceâ€™s results were hampered by raw material costs. The company, meanwhile, confirms its outlook for the rest of 2013. Bayerâ€™s first-quarter net income rose 11.5%, to â‚¬1.16 billion ($1.51 billion), and core earnings per share advanced 1.8%, to â‚¬1.70. First-quarter sales were up 2.1%, at â‚¬10.27 billion. The companyâ€™s sales expanded â€śespecially stronglyâ€ť in the BRIC...
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