Novozymes Q3 net rises less than expected

November 2007
Chemical Business;Nov2007, Vol. 21 Issue 11, p89
Trade Publication
The article reports on the financial performance of Novozymes A/S, the world's largest manufacturer of enzymes for industrial and biofuel processes based in Bagsvaerd, Denmark, for the third quarter of 2007. The company said its third-quarter profit gained 6.2%, missing analyst estimates after energy and raw material costs increased. Net income rose from 227 million kroner to 241 million kroner, or 3.78 kroner a share. Third-quarter sales gained 5.9% to 1.86 billion kroner as revenue from detergents and biofuel enzymes rose.


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