« Nikelax | Main | The Silence of the Worms.... »
July 15, 2005
Novartis profits up…..July 14, 2005
ZURICH, Switzerland (Reuters) -- Net profit at Swiss drugmaker Novartis rose 9 percent in the second quarter, it said on Thursday, beating expectations….
Shares in Novartis were trading 1.2 percent higher at 61.75 Swiss francs by 0727 GMT, leading the Swiss Market Index into positive territory. Cross-town rival Roche was trading down 0.4 percent as investors switched into Novartis.
Group net profit rose 9 percent to $1.65 billion in the second quarter, which compared with an average forecast of $1.59 billion given by analysts in a Reuters poll.
Just thought you’d like to know.
~ AP
Posted by Anonymous Pundit at July 15, 2005 09:11 AM