VIENNA, Austria (Nov. 26, 2007) -– Semperit A.G. Holdings´ net profits climbed 2 percent to $44.4 million for the first three quarters of fiscal 2007 on a 6.3-percent increase in sales to $675.5 million.
The crisis in the global financial markets, Semperit said, hurt its earnings before tax. While operating profits rose 23.1 percent to $68.9 million, earnings before tax grew only 4.9 percent to $61.3 million.
The firm said its Sempermed division, maker of surgical and examination gloves, showed a 2.2 percent increase in pretax profits to $13.5 million whiles sales grew 3.2 percent to $243 million. The weak U.S. dollar continued to result in currency translation losses for the division, Semperit said.
Sales and profits also rose for the firm´s Semperflex industrial and hydraulic hose and elastomer sheeting business, and the Semperfoam and Sempertrans divisions.