By
Reuters
Published
Jul 17, 2009
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AptarGroup second quarter profit falls

By
Reuters
Published
Jul 17, 2009

NEW YORK, July 16 (Reuters) - Cosmetic and perfume-dispenser maker AptarGroup Inc (ATR.N) on Thursday 16 July posted a 36 percent drop in second-quarter profit due to continuing fall in demand from the cosmetic market and currency effects.


AptarGroup Inc

Net profit fell to $28.5 million, or 41 cents a share, from $45.3 million, or 64 cents a share a year ago.

Sales fell 20 percent to $440.5 million.

The company also forecast a lower third quarter in the range of 44 cents to 49 cents per share compared to 57 cents a share in the prior year.

(Reporting by Yinka Adegoke; editing by Carol Bishopric)

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