DSM's Q2 core profit falls 8% as coronavirus hits demand

Credit: REUTERS/Piroschka Van De Wouw

Dutch speciality chemicals company DSM on Tuesday reported an 8% drop in second-quarter core profit to 402 million euros ($473 million), as the coronavirus pandemic hit industrial demand for its plastics, fibres and other materials.

AMSTERDAM, Aug 4 (Reuters) - Dutch speciality chemicals company DSM DSMN.AS on Tuesday reported an 8% drop in second-quarter core profit to 402 million euros ($473 million), as the coronavirus pandemic hit industrial demand for its plastics, fibres and other materials.

Analysts in a company-compiled poll on average had predicted adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) would drop 11% to 390 million euros.

($1 = 0.8495 euros)

(Reporting by Bart Meijer; Editing by Tom Hogue)

((Bart.Meijer@thomsonreuters.com; +31 20 504 5006; Reuters Messaging: bart.meijer@thomsonreuters.com))

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