Lanxess Posts Rise In Q1 Profit, Sales
Lanxess AG (OTC: LNXSF) reported a rise in profit and sales in the first quarter.
Lanxess' quarterly after-tax profit climbed 16% y/y to EUR193 million. Its sales gained 15% to EUR2.39 billion.
Earnings before interest, taxes, depreciation and amortization surged 15% to EUR369 million. Its earnings per share rose to EUR2.32, from EUR2.
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