By  on August 7, 2008

BERLIN — Despite plummeting second-quarter profits, Düsseldorf-based Henkel said it has managed to deal with rising raw material costs and reported a sales increase, sending its shares up 4.5 percent to close at 27.44 euros, or $42.29 at current exchange, on the Frankfurt Stock Exchange Wednesday.

Quarterly results were impacted by restructuring charges that totaled 256 million euros for the quarter, or $400.2 million at average exchange, which sent net earnings down 83.8 percent to 38 million euros, or $59.4 million. Operating profits decreased by 66.7 percent to 113 million euros, or $176.7 million. However, after adjusting for restructuring charges and one-time gains and charges, earnings before interest and taxes rose by 7.8 percent to 372 million euros, or $581.6 million.

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