08 May 2012 07:14 [Source: ICIS news]
SINGAPORE (ICIS)--Dutch producer DSM reported on Tuesday a 13% year-on-year decline in its 2012 first-quarter net profit to €145m ($188m) as its net sales slipped by 2% to €2.29bn.
Its earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter were down by 9.7% to €306m, it said.
Operating profit from its performance materials segment declined by 13% year on year to €79m, while earnings from its polymer intermediates segment fell by 30% to €69m, the company said in a statement.
Its nutrition business, meanwhile, saw an 11% increase in earnings in the March 2012 quarter to €192m, while its pharmaceuticals unit generated €5m in operating profit during the three-month period, DSM said.
“We remain cautiously optimistic for 2012 despite the uncertain macro-economic situation,” DSM said.
($1 = €0.77)
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