Plus   Neg

WACKER Group 2017 Income From Cont. Opns Climbs

WACKER Group (WKCMY.PK,WKCMF.PK) reported that its preliminary net income for fiscal year 2017 surged to 885 million euros from the prior year's 189 million euros. It included income of 635 million euros from discontinued operations from the first-quarter of 2017. This amount comprises the gain from deconsolidation of Siltronic as a WACKER Group segment and Siltronic AG's net income in the first quarter of 2017.

Income from continuing operations climbed 40 percent to about 250 million euros in 2017 from 178 million euros last year.

Sales for the year were 4.92 billion euros up some 6 percent from last year's 4.63 billion euros, primarily due to higher volumes. Sales grew at both chemicals and polysilicon businesses compared to the previous year. The rise was particularly strong for silicones.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Nvidia Corp. (NVDA) Thursday reported a surge in its second-quarter profit, driven largely by a better-than-expected growth in revenues and strong margins. However, shares of the graphics chip maker slipped about 4 percent in extended session, as its revenue outlook for the current quarter fell short... The U.S. Food and Drug Administration Thursday approved the first generic version of Mylan's EpiPen for the emergency treatment of allergic reactions. Teva Pharmaceuticals gained the US regulator's approval to market its generic epinephrine auto-injector in 0.3 mg and 0.15 mg strengths. Shares of... Amazon.com Inc. (AMZN) is reportedly planning to acquire Landmark Theatres, as the e-commerce giant seeks to gain a foothold in the brick-and-mortar cinema industry. Bloomberg Thursday reported, citing people familiar with the situation, that Amazon is looking with other suitors to acquire the business...
Follow RTT