Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

World

Syngenta records low profits

BASEL, Jul 24 – Swiss agrochemicals group Syngenta reported lower-than-expected half-yearly net profits on Friday, down nine percent to 1.385 billion dollars (978 million euros) on the same period in 2008.

Analysts consulted by the financial agency AWP had expected, on average, profits of 1.5 billion dollars.

Sales over the same period also came in nine percent down at 6.655 billion dollars, the group reported.

Over the medium term however, Syngenta confirmed it was still on course to record earnings before interest, taxes, depreciation, and debt pay offs of 15 percent for the business in 2011.

Chief executive Mike Mack said: "We continue to make significant investments in order to secure the long term growth of our business," singling out research and development as a key commitment.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...