News

Clariant posts improved results

20/02/2007

Swiss specialty chemicals company Clariant has posted a rise in sales for the full year 2006, with annual organic sales growth of 7% in Swiss francs and 5% in local currency terms. Sales reached CHF8.1 billion ($6.6 billion) compared with CHF7.728 billion in 2005. However, net income fell to CHF131 million from CHF262 million, mainly due to a goodwill impairment charge of CHF100 million in the leather business. Including discontinued operations, the company reported a net loss of CHF78 million compared with CHF192 million the previous year.

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