10 February 2010 14:13 [Source: ICIS news]
TORONTO (ICIS news)--Sigma-Aldrich posted 2009 fourth-quarter net income of $92.6m (€67.6m), up 9.8% from the same period a year earlier, as sales rose 12.3% to $572.5m despite challenging economic conditions, the US-based fine chemicals firm said on Wednesday.
Gross profit for the three months ended 31 December was $286.8m, up 8.3% from the 2008 fourth quarter, and operating profit was $127.6m, up 11.3%.
For the full year of 2009, Sigma-Aldrich reported net income of $346.7m, up 1.5% from 2008, on sales of $2.15bn, down 2.4%.
For 2010, the company expected to generate organic sales growth in the mid-single digit percentage range, chief executive Jai Nagarkatti said.
“We expect some improvement in the markets we serve in 2010, with a contribution from increased pharma spending and a modest benefit from the stimulus funds provided to the academic sector,” he said.
($1 = €0.73)
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