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(ICIS) -- Wacker Chemie’s second-quarter
net profit increased by 5.4% to EUR 142.7m (USD 203.9m) compared with the same
period last year, as sales rose 10.3%, the Munich-based, worldwide chemical
company said on Tuesday.
Sales for the second quarter rose to EUR 1.33bn from EUR 1.20bn in the
same period in 2010, mainly due to higher sales volumes generated by sustained
customer demand.
Earnings before interest, tax, depreciation and amortisation (EBITDA) in
the second quarter rose 5.2% to EUR 324.8m, compared with the same period last
year, Wacker added.
Wacker said that although it was able to negotiate higher prices in its
silicones and polymers segments, a negative impact from currency exchange-rate
effects and higher raw materials costs had dampened earnings performance.
mrcplast.com
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