Ciba beats expectations

Ciba logo

Ciba Specialty Chemicals has exceeded analysts' expectations by reporting a 78 per cent jump in net profits for the first half of the year.

This content was published on August 15, 2000 - 12:05

Net profit rose to SFr215 million ($125 million). Analysts had anticipated a figure close to SFr200 million.

Sales increased by 14 per cent to SFr4 billion. The company says it expects continued but more moderate growth for the rest of the year.

"Current trends and forecasts for the development of both the global economy and our end-user markets call for continued growth in the second half of 2000 [but] at a somewhat more moderate rate than... in the first half," said a company statement.

The figures led Ciba to up its forecast for earnings per share. The company's chief financial officer, Michael Jacobi, said earnings per share for the current year should rise to around SFr5.7 to SFr6.

swissinfo with agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?