Lanxess posts weaker earnings, sales on COVID-19 impacts, net profit jumps on divestment proceeds

Lanxess posts weaker earnings, sales on COVID-19 impacts, net profit jumps on divestment proceeds
WESPECH PTE LTD
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13.08.2020

MOSCOW (MRC) -- Lanxess says net profits in the second quarter of 2020 were almost eight times higher than in the same period of the previous year, to EUR798 million (USD943 million), said Chemweek.This is primarily due to the sale of its 40% stake in chemical park curator Currenta to Macquarie Infrastructure and Real Assets in April, which resulted in a disposal gain of EUR740 million. S

Full article at mrcplast.com

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