Bayer swings to loss on EUR10-billion impairment, challenging ag markets
09.11.2020
MOSCOW (MRC) -- Bayer swung to a third-quarter net loss of EUR2.74 billion (USD3.21 billion) from a net profit of EUR1.04 billion a year earlier on sales of EUR8.51 billion, down 5.1% on a currency- and portfolio-adjusted basis, said Chemweek.The net loss includes non-cash impairment charges on intangible assets, and provisions, totaling EUR10.18 billion. They are mainly in Bayer's agricu