LANXESS’ Q3 net income up 51% y/y to USD69.6 million
Raises full-year 2016 guidance
LANXESS has reported a 51.2% year-over-year (y/y) increase in net income to EUR62 million (USD69.6 million) for the third quarter ended 30 September 2016, the company said in a press release last week. The company also recorded 17.3% y/y growth in EBIT to EUR122 million, which helped EBIT margin improve from 5.3% to 6.4%.
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