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IMCD posts first results since IPO—big increases in sales and earnings

5:16 AM MDT | August 13, 2014 | Ian Young

Specialty chemicals distributor IMCD Group (Rotterdam) posted a a 22% increase in net profit before amortization and nonrecurring items for the first half of 2014 compared with the first half of last year, to €15 million ($20.1 million), on sales up 14%, to €702 million. Operating Ebitda increased 13% year-on-year, to €56 million, and gross profit grew 12%, to €147 million. Second-quarter figures have not been disclosed. These financial results are the first set of to be published by IMCD following the company's recent initial public...

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