AgrEvo dampens Schering results
WEAK results from AgrEvo, the agrochemicals joint venture between Schering and Hoechst, have slightly damped Scherings pre-tax earnings rate.
Nevertheless, operating profit across at Schering rose 12% to 281m from the year-earlier 250m.
Net profit was up 8% from 161m to 174m and first-half sales rose to 1.75bn (£1.17bn) from last years 1.64n.
- Financial Times 06/08/99 page 24 (News Digest)