Swiss specialty chemicals firm Clariant AG (CLZNF.PK, CRN.L, CLZNY.PK) Thursday said its total group net income for the fourth quarter, including discontinued operations, surged to 99 million Swiss francs from 10 million francs in the year-ago quarter.
Net result from continuing operations rose to 87 million francs from 11 million francs.
Sales improved 1 percent to 1.509 billion francs from 1.491 billion francs. In the fourth quarter, Clariant reported 2 percent sales growth in local currencies on the back of 3 percent higher volumes and 1 percent lower prices.
For full-year 2013, Clariant said it expects a further progress in sales and profitability compared to 2012 by focusing on growth and continuous cost efficiency.
In addition, the group proposed a dividend increase of 10 percent to CHF 0.33 per share.
For comments and feedback: editorial@rttnews.com