Thursday, May 14, 2009

LANXESS clocks 31.3% decline in Q1 sales on low demand; expects improvement in Q2

Specialty chemicals group LANXESS AG (Germany) posted a net loss of EUR 14 mln for Q1 - 2009 against net income of EUR 104 mln for the prior-year period on a steep decline in demand led by economic doownturn.

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