BAYER '89 PROFIT UP

BAYER '89 PROFIT UP

West German chemical concern Bayer Tuesday reported post-tax profit of 2.12 billion Deutsche marks (US$1.25 billion) in 1989, up 10.8 percent from a year earlier.

Profit at its Leverkusen-based concern's subsidiary, Bayer AG, rose nearly 21 percent to 1.22 billion marks (US$717 million), it said.