Siegfried profits plummet on higher costs, sales remain resilient

Siegfried profits plummet on higher costs, sales remain resilient
WESPECH PTE LTD
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21.08.2020

MOSCOW (MRC) -- Siegfried (Zofingen, Switzerland) says net profit for the first half of 2020 shrunk 33.2% year on year (YOY) to 20.67 million Swiss francs (USD22.62 million) on revenue that was slightly lower at SFr388 million, down 1.4% YOY, said Chemweek.The fall in profit is due mainly to higher cost of sales and negative currency effects, while the more resilient revenue performance i

Full article at mrcplast.com

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