05 August 1999
Agrochem profit falls at Hoechst

THE agrochemical division of German chemicals giant Hoechst suffered a collapse in operating profits from Euro221 million (£146m) to Euro195m (£129m) at the halfway stage.

AgrEvo said it found difficult market conditions in North America and Europe.

Operating profits at Hoechst group level fell 33% to Euro437m (£290m), on sales down 5.3% to Euro8.75bn (£5.8bn).

  • The Times 05/08/99 page 31
  • The Independent 05/08/99 page 19
  • Financial Times 05/08/99 page 20 (Lex), page 28