Bayer’s operating earnings beat forecasts

27/10/09 18:06 CET

pharmaceutical companies

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Germany’s largest drugmaker Bayer has beaten forecasts with their operating earnings.

Profits were helped by a continued recovery of their plastics division.

Bayer’s crop chemicals unit fared less well, hit by falling wheat and corn prices, as well as bad weather.

Bayer’s shares were up by 0.5% at just over 48 euros.