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Kemira to cut costs after fall in profits
July 26, 2012 / 6:07 AM / in 5 years

Kemira to cut costs after fall in profits

HELSINKI, July 26 (Reuters) - Finnish chemicals firm Kemira reported a fall in second-quarter profits and launched a cost saving programme that could lead to 600 job cuts.

April-June operative EBIT (core profit) fell 4.0 percent from a year earlier to 35.7 million euros ($43.28 million), weighed down by higher fixed costs.

Kemira said it aimed to reach annual cost savings of 60 million euros. ($1=0.8248 euros) (Reporting by Terhi Kinnunen; Editing by Jane Merriman)

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