date:Apr 25, 2014
Danish industrial enzymes producer Novozymes reported a bigger-than-expected rise in first-quarter operating profit, helped by a one-off positive impact from its alliance with U.S. company Monsanto and strong sales of ethanol enzymes.
The Monsanto alliance, which was formed in December and aims to develop microbial products for agriculture, boosted the operating margin by around 4 percent in the quarter to increase it above 30 percent.
Earnings before interest and tax (EBIT) rose to 923 millio