News Column

BRIEF: DSM reports first-quarter earnings dropped 35 percent

May 6, 2014

The Augusta Chronicle, Ga.

May 06--Vitamin and chemical manufacturer Royal DSM NV reported first-quarter earnings of $108.2 million, about 35 percent lower than the quarter a year ago, because of lower margins and currency losses.

Sales from continuing operations were $3.05 billion, about 1 percent lower than the previous quarter.

DSM makes chemicals in east Augusta, which is part of the parent company's polymer intermediates cluster.

Sales for that business were down 7 percent compared with the first quarter of 2013. The company said Tuesday that the earnings decline was driven by lower caprolactam margins "due to the ongoing challenging business environment with lower prices and high benzene costs."


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Source: Augusta Chronicle (GA)

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