Philadelphia-based specialty chemical company Rohm and Haas reported full-year 2001 sales of $5.7 billion, a fall of 11% from $6.3 billion in 2000. Net earnings were $189 million, down 42% from $324 million in 2000. The company blamed two recent events on poor results for the fourth quarter: the write down of some bad debt and the devaluation of the Argentine currency.

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