Lanxess Q3 Net Profit Down 39%

Lanxess AG (OTC: LNXSF) reported a 39%% drop in its third quarter net profit.

Lanxess' quarterly net profit fell to 94 million euro ($120.1 million), while sales dropped 8% to EUR2.2 billion.

Its adjusted earnings before interest, tax, depreciation and amortization fell 18% to EUR255 million.

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