Hebei Lansheng Biotech Co., Ltd.
ShangHai Yuelian Biotech Co., Ltd.

Chemtura ahead at third quarterqrcode

Nov. 12, 2007

Favorites Print
Nov. 12, 2007
Increased sales in North America and Europe contributed to a 10.7% rise in Chemtura's crop protection revenues to $83 million in the third quarter of 2007. Some $7 million of the $8 million revenue gain was due to higher volumes, according to Chemtura chief financial officer Stephen Forsyth.
The higher sales volumes, coupled with the lack of the Brazilian bad debt provision in the same period last year, resulted in operating profit more than doubling to $16 million. Earnings benefited from a $7 million gain related to Brazilian accounts. Volume and product portfolio effects raised operating profit by 42%, while prices and currency effects impacted earnings negatively by 14% and 9%, respectively. Chemtura points to a rise in operating profit of 129%, but this is not reflected in the rounded figures now supplied.
     Chemtura's crop protection results ($ million)
3rd qtr ended Sept 30th  2006      % change       2007
Sales                     75         +10.7         83
Operating profit           8        +100.0         16
Nine months
Sales                    239         + 9.2        261
Operating profit          44         +29.5         57
Source: AgroNews

Picture 0/1200

More from AgroNews


2021 Market Insight 2021 India Pesticide Suppliers Guide
2021 CRO & CRAO Manual 2021 Latin America Focus
2021 Seed Treatment Special 2021 Biologicals Special
Subscribe Comment


Subscribe Email: *
Mobile Number:  


Picture 0/1200

Subscribe to daily email alerts of AgroNews.