Chemicals maker Clariant tops profit forecast
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FILE PHOTO: The logo of Swiss specialty chemicals company Clariant is seen at the company's headquarters in Pratteln, Switzerland August 9, 2017. REUTERS/Arnd Wiegmann/File Photo
(Reuters) - Swiss specialty chemicals maker Clariant on Friday said its second-quarter core profit came in above its forecast range helped by price hikes in catalysts as well as adsorbents and additives businesses.
The group's core operating profit (EBITDA) from continuing operations declined 19% to 175 million Swiss francs ($201.47 million) in the quarter.
This is above analyst estimates of 160 million francs in a company-provided poll, which were set at the midpoint of Clariant's own guidance range of 155 million to 165 million Swiss francs.
($1 = 0.8686 Swiss francs)
(Reporting by Marta Frackowiak and Linda Pasquini; editing by Kirsti Knolle)
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