Heerlen, the Netherlands -- Royal DSM NV, a global life sciences and materials company with a portfolio that includes polyurethane coatings has reported sales up 28 percent to Euro 2268 million ($2300 million) in the second quarter of 2010 (Q2), compared to the same period last year.
Sales for the first half of 2010 were up 26 percent compared to the first half of 2009. Operating profit was up to Euro 246 million, compared to Euro 85 million in Q2 2009, a 3 Aug company statement said.
DSM's Performance Materials and Polymer Intermediates businesses reported year-on-year Q2 sales up 41 percent and up 68 percent to Euro 644 million and Euro 362 million respectively.
"Operating profit increased by more than 25 percent compared to the first quarter and for the current business portfolio it was the best quarter in DSM's history," said DSM chairman Feike Sijbesma.
"Our outstanding performance in the quarter reflects very good volumes across our businesses combined with a continued disciplined focus on pricing and costs," he added. (RD)