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Nov. 1, 2011, 3:44 a.m. EDT

Royal DSM 3rd-quarter net doubled, sales up 5%

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By Robert Daniel

TEL AVIV (MarketWatch) -- Royal DSM, /zigman2/quotes/209304549/delayed RDSMY +2.05% /zigman2/quotes/206247551/delayed KDSKF +4.40% /zigman2/quotes/205433811/delayed NL:DSM +0.86% the Heerlen, Netherlands, life-sciences and materials-sciences company, reported third-quarter net income more than doubled on 5% higher sales. Net income reached 171 million euros ($236.2 million), or €1 a share, from €79 million, or €0.46, in the year-earlier quarter. Profit from continuing operations before special items rose 38% to €0.94 a share from €0.68. Sales rose to €2.32 billion from €2.21 billion. The improvement came despite "a very strong Swiss franc and a weak U.S. dollar," DSM said in a statement. Feike Sijbesma, chairman of the management board and chief executive, warned that in the third quarter, DSM saw weaker electronics-and-electrical and building-and-construction markets. But he said the company's portfolio is relatively resilient and geographically diverse, and the balance sheet is "solid."

/zigman2/quotes/209304549/delayed
US : U.S.: OTC
$ 37.91
+0.76 +2.05%
Volume: 80,313
Aug. 12, 2022 3:59p
P/E Ratio
N/A
Dividend Yield
1.47%
Market Cap
$25.66 billion
Rev. per Employee
$466,716
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/zigman2/quotes/206247551/delayed
US : U.S.: OTC
$ 154.25
+6.50 +4.40%
Volume: 438.00
Aug. 12, 2022 3:57p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$25.66 billion
Rev. per Employee
$466,716
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/zigman2/quotes/205433811/delayed
NL : Netherlands: Euronext Amsterdam
147.20
+1.25 +0.86%
Volume: 72,078
Aug. 15, 2022 11:32a
P/E Ratio
N/A
Dividend Yield
1.79%
Market Cap
€25.05 billion
Rev. per Employee
€413,475
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