Bayer's second quarter net profit unexpectedly fel
2022-06-11- Detail
Bayer's second quarter net profit unexpectedly fell to 525 million euros year-on-year
pharmaceutical and chemical company Bayer announced on the 29th that its second quarter net profit unexpectedly fell to 525 million euros. Due to 255 million euros of special expenses, its revenue increased by 15% to 9.18 billion euros in the same period, higher than analysts' expectations
according to the comprehensive media on July 29, bayerag, a pharmaceutical and chemical company, announced on July 29 that the company's net profit in the second quarter fell unexpectedly due to special expenses. However, the company confirmed its outlook for 2010 against the background of the continued strong performance of Bayer materials technology, its plastic and foam subsidiary
the German listed company raised its outlook for MaterialScience in 2010 and lowered its outlook for the medical insurance and crop science sectors
the company headquartered in Germany also confirmed that polylactic acid has no pollution in the production process of natural gas heated granulator or other plastic machinery in all places such as Xinjiang, and said that the company still expects the adjusted sales to increase by more than 6% in 2010, including profit before profit, tax, depreciation and amortization of more than 7 billion euros, and the core earnings per share to increase by 15%, Core EPS measures the profit margin excluding non cash expenses and other items
the company announced that the net profit in the second quarter decreased to 525 million euros from 532 million euros in the same period in 2009, due to special expenses of 255 million euros. The 15 analysts surveyed expected the company's net profit in the second quarter to be 769 million euros
Bayer said its revenue in the second quarter increased by 15% to 9.18 billion euros from 8.01 billion euros in the same period in 2009, and analysts expected it to be 8.63 billion euros
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