Hickson warns of lower profits

03 March 1999

Hickson warns of lower profits

THE chemical group Hickson International has warned that global oversupply of agrochemicals would depress its profits in the coming year.

Progressive destocking by farmers and life science companies would hit the contract manufacture division.

The group reported a reduced loss of £200,000 in the year to 31 December, against £14.7 million in 1997.

Operating profit rose from £14.7m to £15.3m. Turnover fell from £258.4m to £227.2m.

• Financial Times 03/03/99 page 24