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Biotech / Medical : Hoechst (HOE)

HMR 1.280

-1.5%

Nov 3 3:56 PM EST

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To: Solid Play who wrote (13)	5/11/1998 5:40:00 AM
From: Teddy	Read Replies (1) of 42

Looks like AgrEvo is doing good: biz.yahoo.com Monday May 11, 4:36 am Eastern Time AgrEvo says American business drives Q1 sales rise BERLIN, May 11 (Reuters) - Bio-tech group AgrEvo said on Monday that strong growth in North and South America lifted first-quarter sales seven percent to 1.3 billion marks. The company, a joint venture of Hoechst AG (HOEG.F) and Schering AG (SCHG.F) also said operating profit rose nine percent without giving a precise figure. Profit was helped by favourable currency rates and a broadening of its business. AgrEvo said sales in North America increased 19 percent, driven by a 40 percent jump in the United States and a 22 percent rise in Canada. South American sales rose 16 percent. Its herbicides for wheat and sugar and its canola products were particularly good, AgrEvo said. European sales rose three percent, while Asian sales were dampened by the region's financial crisis.

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