Clariant swings to Q1 profit but misses analyst expectations

04/29/2010 | Reuters

Clariant, a specialty-chemicals producer, has posted $9.22 million first-quarter net profit on higher demand for its ingredients, but that fell short of expectations for the quarter. "We expect the economic recovery to remain fragile and raw material costs to further rise heading into the seasonally weaker second half of the year," the company said. "Consequently, we do not anticipate an operating performance at the same strong level of the first quarter."

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