Lanxess Posts Decline In Q2 Profit
Germany's Lanxess AG (OTC: LNXSF) reported a drop in its second quarter profit.
Its quarterly after-tax profit declined 2.8% y/y to 176 million euros ($216 million). Its sales climbed 8.1% y/y to EUR2.42 billion.
The company's adjusted earnings before interest, tax, depreciation and amortization surged 6.8% to EUR362 million, while earnings per share fell 2.8% to EUR2.11 per share.
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Tags: after-tax profit