Royal DSM Reports Strong Rise In Q3 Net Income

Royal DSM NV

reported a strong rise in its third-quarter net income. Royal DSM's quarterly net income surged to 171 million euros ($236.2 million), or €1 per share, from €79 million, or €0.46 per share, in the year-ago quarter. Its profit from continuing operations before special items climbed 38% to €0.94 per share, versus €0.68 per share. Royal DSM's sales gained to €2.32 billion from €2.21 billion. RDSMY shares closed at $12.84 yesterday.