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Bayer AG reports a loss in Q4
Source: Agencies |
March 1, 2011, Tuesday
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BAYER AG has reported a fourth-quarter loss of 145 million euros (US$199 million) after the pharmaceutical and chemical company took special charges.
The loss for the October-December period compared with a net profit of 153 million euros a year earlier. But the company said yesterday revenues were up 14.5 percent - climbing to 9.01 billion euros from 7.87 billion euros.
Bayer says it was helped by earnings growth at its MaterialScience unit, which produces high-tech materials such as polycarbonates and polyurethanes.
The company says full-year earnings dipped 4.3 percent.
The loss for the October-December period compared with a net profit of 153 million euros a year earlier. But the company said yesterday revenues were up 14.5 percent - climbing to 9.01 billion euros from 7.87 billion euros.
Bayer says it was helped by earnings growth at its MaterialScience unit, which produces high-tech materials such as polycarbonates and polyurethanes.
The company says full-year earnings dipped 4.3 percent.
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