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Henkel Q3 net income falls 68 pct
Source: Agencies |
November 11, 2009, Wednesday
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GERMAN consumer goods company Henkel AG said today its third quarter net income fell 68 percent, due mainly to lower revenue and a divestment in the year-ago quarter.
Henkel, based in Duesseldorf, said net income fell to 鈧6 million (US$9 million) from 鈧19 million in the July-September period of 2008.
Revenue for the third quarter fell more than 7 percent to 鈧3.5 billion from 鈧3.8 billion in the third quarter a year ago, led by order declines from large customers in its adhesives division.
Henkel, based in Duesseldorf, said net income fell to 鈧6 million (US$9 million) from 鈧19 million in the July-September period of 2008.
Revenue for the third quarter fell more than 7 percent to 鈧3.5 billion from 鈧3.8 billion in the third quarter a year ago, led by order declines from large customers in its adhesives division.
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