Sigma-Aldrich posts Q3 profit up 5.1% to $86.1m

22 October 2009 14:39  [Source: ICIS news]

TORONTO (ICIS news)--Sigma-Aldrich posted a 5.1% increase in third-quarter net income, to $86.1m (€56.8m) from $81.9m a year earlier, on underlying year-over-year organic sales growth of 2.3%, the US-based fine chemicals firm said on Thursday.

Chief executive Jai Nagarkatti said the improved organic sales performance was achieved amid continued challenging economic conditions.

However, Sigma-Aldrich’s reported sales, which include a 3.6% unfavourable currency impact, were down 1.3% to $534m, from $541m in the 2008 third quarter.

Gross profit for the three months ended 30 September was $265.2m, down 4.5% from $277.9m in the 2008 third quarter, while operating income fell 3.3% to $122.0m, from $126.2m in the year-earlier period.

($1 = €0.66)

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By: Stefan Baumgarten
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