Wednesday, 14 March 2012

Roche half-year profit rises 37 percent to $5.3B

Pharmaceuticals maker Roche Holding AG on Thursday posted a 37 percent rise in six-month net profit on strong drug sales and lower costs related to its takeover of U.S.-based Genentech.

The Basel-based company said income was 5.6 billion Swiss francs ($5.3 billion). Sales jumped 5 percent to 24.6 billion francs.

Roche, which doesn't announce quarterly profits, also confirmed …

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