Lanxess Posts Decline In Q2 Profit

Germany's Lanxess AG

reported a drop in its second quarter profit. Its quarterly after-tax profit declined 2.8% y/y to 176 million euros ($216 million). Its sales climbed 8.1% y/y to EUR2.42 billion. The company's adjusted earnings before interest, tax, depreciation and amortization surged 6.8% to EUR362 million, while earnings per share fell 2.8% to EUR2.11 per share.