Ciba posts 6% sales rise but outlook remains grim

Article Abstract:

Ciba Specialty Chemicals AG posted an improvement of 6% in its sales for the first quarter of 1999. The results were higher than what many analysts had predicted. Ciba posted a rise in sales to 2.1 billion Swiss francs ($1.42 billion) for the quarter. During the same period in 1998, the company posted 1.99 billion francs in sales. Ciba cautioned that its 150 million francs in cost savings for 1999 will only mitigate the impact of a troublesome market environment on the company's 1999 figures, and not completely compensate for them.

Comment:

Posts improvement of 6% in sales for first quarter of 1999

Switzerland, Ciba Specialty Chemicals AG

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DSM posts better-than-expected net

Article Abstract:

DSM NV posted a decline of 30% in its profits for the second-quarter of 1999. However, analysts believe that the Netherlands-based chemicals firm's profits were higher-than-predicted. DSM posted 85 million euros in net profits for the quarter. Analysts had predicted between 75 million euros and 87 million euros. Analysts also said that DSM's outlook is very good.

Comment:

Posts decline of 30% in profits for second-quarter of 1999

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DSM NV

Article Abstract:

DSM N.V. posted a drop of 17% in operating profits for the 2003 second quarter. The company also forecasted lower results for the third quarter.

Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis, Company sales and earnings, Company earnings/profit

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