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Ciba swings to loss on $542 million write-down
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MarketWatch
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August 19, 2008
: news, chart, profile) lost 606 million francs during the second quarter, with sales down 7% to 1.53 billion francs. It earned 27 million francs in the year-earlier period. Operating margins at the Basel, Switzerland firm dropped drastically, falling to 3.5% from 8.4%. The company said raw material...
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