Positive first half results at Clariant
Swiss chemical company Clariant has posted a rise in sales for the first half of 2006, with organic growth of 4% in local currency terms and 8% in Swiss franc terms compared with the first half of 2005.
A combination of higher costs for raw materials, energy and logistics as well as unchanged average selling prices weighed on results. Net income from continuing operations declined to CHF109 million ($88.7 million) from CHF144 million in the corresponding period in 2005, mainly due to higher restructuring charges.