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Swiss Drugmaker Roche Posts 17 per cent profit Drop but Growth in Sales of Cancer Drugs
Swiss Drugmaker Roche Posts 17 per cent profit Drop but Growth in Sales of Cancer Drugs
canadianp_eng_2012_07_26_eng-canadianp_business_eng-canadianp_business_060119_24
GENEVA (Canadian Press) -- One-off charges at Swiss drugmaker Roche Holding AG on Thursday pushed first-half net profits down 17 per cent on the same time last year, but strong sales of cancer drugs and cost-cutting contributed to a rise in core operating figures. The world's biggest manufacturer of cancer drugs, which reports earnings only every six months, said it expects group sales to grow by a low to mid-single digit rate provided exchange rates remain stable. It posted a drop in first-half profit to 4.26 billion Swiss francs ($4.3 billion), down from 5.15 billion francs in the comparable January-to-June period of 2011.
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InteliHealth
2012-07-26
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General Health News
2012-08-25
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Swiss Drugmaker Roche Posts 17 per cent profit Drop but Growth in Sales of Cancer Drugs
July 26, 2012

GENEVA (Canadian Press) -- One-off charges at Swiss drugmaker Roche Holding AG on Thursday pushed first-half net profits down 17 per cent on the same time last year, but strong sales of cancer drugs and cost-cutting contributed to a rise in core operating figures. The world's biggest manufacturer of cancer drugs, which reports earnings only every six months, said it expects group sales to grow by a low to mid-single digit rate provided exchange rates remain stable. It posted a drop in first-half profit to 4.26 billion Swiss francs ($4.3 billion), down from 5.15 billion francs in the comparable January-to-June period of 2011.

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