DSM says Q1 earnings rise 28 percent

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Royal DSM NV, the biggest maker of nutritional supplements, said today that its first quarter earnings grew 28 percent on healthy demand, rising margins and lower taxes.

Net profit was €161 million ($236 million), up from €130 million, and sales rose 16 percent to €2.23 billion. The company said Wednesday it was able to increase prices and margins, more than offsetting higher raw materials costs.

DSM is originally a chemicals company, and also makes high-performance materials used in products such as bulletproof vests and fiber-optic wire casings; and polymers, used in nylon, synthetic rubbers and plastics.

Augusta has the headquarters for DSM Chemicals North America.

In the performance materials segment, DSM said sales growth was 27 percent higher than the first quarter of 2010.

The company said demand was strong in emerging markets, and modest in Western economies. Its tax rate fell to 21 percent from 25 percent by "the application of preferential tax regimes."


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