(Reuters) – Sika reported a 27.1% jump in full-year net profit on Friday, as the Swiss construction chemicals maker benefited from an upturn in building projects after the pandemic and a raft of acquisitions.
The company, which makes products used in reinforcing and waterproofing concrete, posted earnings before interest and tax (EBIT) of 1.39 billion Swiss francs ($1.51 billion) for the 12 months ended Dec. 31, up from 1.13 billion Swiss francs in 2020.
The figure exceeded the pre-pandemic level of 1.06 billion franc operating profit for 2019.
($1 = 0.9210 Swiss francs)
