ZURICH Feb 14 Swiss specialty chemicals firms
Clariant on Thursday posted 2012 net income of 238
million Swiss francs and said it would hike its dividend by 10
percent as it flagged higher future margins and profits on its
scaled down business.
Clariant, which last year gave shareholders their first
dividend in five years, has pared down its company during the
last year, selling off three business units and earmarking a
fourth for disposal.
In December it sold its textile chemicals, paper speciality
chemicals and emulsions units to U.S. private equity firm SK
Capital for 502 million Swiss francs as part of its effort to
retreat from low-margin cyclical businesses.
Its leather services, detergents and intermediates
businesses are also on the block.
(Reporting by Martin de Sa'Pinto)