logo
Share SHARE
FONT-SIZE Plus   Neg

Brenntag 2011 Profit Up - Quick Facts

Brenntag AG (BNTGF.PK) reported higher profit after tax of 279.3 million euros in 2011 compared with 146.6 million euros last year. Profit attributable to Brenntag shareholders amounted to 277.4 million euros, versus 143.6 million euros in 2010, with full-year earnings per share climbing to 5.39 euros from 2.93 euros a year ago.

Profit before tax in 2011 grew significantly to 419.5 million euros from prior year's 231.8 million euros, based on the strong operational development and supported by a significant decline in customer base amortization.

Sales for the full year were up 15.4% on constant exchange rates, and up 13.5% on a reported basis, to 8.68 billion euros from 7.65 billion euros in 2010, helped by higher selling prices and stronger volumes, partly due to acquisitions.

Anticipating a slower but nevertheless growing world economy and the continuation of the positive trends in the chemical distribution industry, excluding exchange rate effects Brenntag sees a continued positive earnings development in 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Amazon.com on Wednesday announced the launch of Kindle Reading Fund, aiming to donate Kindle e-reader, Fire tablets, and Kindle eBooks globally to make books more easily available for digital reading. For this purpose, the company joining hands with local schools and libraries, hospitals, PTA as well as nonprofit organizations, mainly Worldreader. A federal judge has dismissed a lawsuit that accused Starbucks (SBUX) of cheating customers by "under-filling" its cold beverages. The lawsuit alleged that Starbucks is deceiving its customers by serving iced drinks with too much ice cubes and less coffee "than advertised." "If children have figured... Apparel retailer Guess? Inc. (GES) on Wednesday reported an increase in profit for the second quarter, despite lower-than-expected revenues reflecting a one-time gain. Earnings for the quarter easily trumped Wall Street estimates, sending the company's stock up over 14 percent in extended hours. Guess'...
comments powered by Disqus
Follow RTT