06 August 1999
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 Euro281m from the year-earlier Euro250m.

Net profit was up 8% from Euro161m to Euro174m and first-half sales rose to Euro1.75bn (£1.17bn) from last years Euro1.64n.

  • Financial Times 06/08/99 page 24 (News Digest)