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Bayer Quarterly Net Falls |
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9:30 AM EST March 06 2006 |
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Bayer AG, drugmaker, reported that its Q4 profit dropped 33% after it set aside 275 million euros ($330.5 million) to settle claims that it colluded on prices of rubber and plastic in the U.S. The company earned 46 million euros ($55.3 million) in Q4 down from 68 million euros a year ago. Revenue advanced 16% to 7.1 billion euros ($8.5 billion) from 6.11 billion euros. |
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