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Novozymes profit rise

This article was originally published in The Public Ledger

DENMARK'S Novozymes has said sales growth and cost cutting helped it record profit of Dkr431m ($82.3m) compared with Dkr370m a year earlier, which beat the average forecast in a Reuters poll of analysts of Dkr409m. Novozymes forecast 2010 sales growth of 2% to 6% in local currencies and operating profit growth of 3% to 7% but said there was still uncertainty over the global economy in 2010.

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