Altana Q1 net beats consensus on additives, effect pigments units |
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Published
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Thu, 26 Apr 2007 07:04
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FRANKFURT (Thomson Financial) - Altana AG said first-quarter net profit more than doubled to 50 mln eur from 19 mln helped by strong earnings growth in its divisions that make additives and effect pigments for paint.The result beat a consensus of analysts' expectations which had forecast the figure to rise to 42 mln.Earnings before interest and tax rose 40 pct to 43 mln eur from 30 mln, beating a consensus of 34 mln eur.Sales increase to 349 mln eur from 324 mln.maria.sheahan@thomson.commas/jfrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Altana says 6 shareholders sue co over sale of pharma ops to Nycomed 