Agrochem profit falls at Hoechst
THE agrochemical division of German chemicals giant Hoechst suffered a collapse in operating profits from 221 million (£146m) to 195m (£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 437m (£290m), on sales down 5.3% to 8.75bn (£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