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Profit at Ciba falls on restructuring costs

This content was published on Feb 1, 2005 The company said that net income declined to SFr311 million ($261 million) from SFr344 million in 2003. However, Basel-based Ciba noted that before the restructuring and special charges, net profit had improved by ten per cent to SFr379 million. Ciba, which produces dyes and pigments, said in a statement that sales were up by six…