Novozymes issues positive 2000 financial statement

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Related tags: Operating profit, Novozymes

Novozymes released its financial statement which reveals that the
operating profit for the year meets the Group's growth target for
2000 as announced...

Novozymes released its financial statement which reveals that the operating profit for the year meets the Group's growth target for 2000 as announced in connection with the Novo Nordisk A/S financial statement for the first nine months. The growth in operating profit was due partly to favourable movements in exchange rates, in particular the USD and JPY against the DKK, and partly to the underlying business performing as expected. Operating profit rose by 20% to DKK 825 million. The operating profit margin, defined as operating profit as a percentage of net turnover, increased from 15.3% to 16.4%. The Group generated profits of DKK 705 million before and DKK 483 million after tax, corresponding to growth against 1999 of 17% before and 18% after tax. See Complete Report

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