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NVZMY Novenesis AS (PK)

57.12
-0.40 (-0.70%)
29 Jan 2025 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Novenesis AS (PK) USOTC:NVZMY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.40 -0.70% 57.12 56.02 57.86 57.57 56.71 56.86 12,141 22:00:01

Novozymes Net Profit Jumps 13%

23/10/2014 8:00am

Dow Jones News


Novenesis AS (PK) (USOTC:NVZMY)
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Danish bio-technology firm Novozymes A/S (NZYM-B.KO) Thursday reported a 13% jump in third-quarter net profit and raised its full-year outlook for both operating and net profit.

Third-quarter net profit rose to 639 million Danish kroner ($109 million) from 568 million kroner in the year-earlier quarter, on revenue of 3.18 billion kroner, compared to 2.94 billion kroner a year ago.

Quarterly operating profit was 831 million kroner, up from 755 million kroner.

The company said it now expects full year operating profit to grow by 14%-15%, and full year net profit to grow by 13%-14%, partly driven by a favorable development in currency exchange rates and a slightly higher contribution from The BioAg Alliance.

Previously, Novozymes expected full-year net and operating profit to increase by 9%-11% on the year.

-Write to Jens Hansegard at jens.hansegard@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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