drugs group astrazeneca lifts outlook as profits jump
Last Updated : GMT 12:59:49
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Drugs group AstraZeneca lifts outlook as profits jump

Arab Today, arab today

Arab Today, arab today Drugs group AstraZeneca lifts outlook as profits jump

British drugmaker AstraZeneca says annual earnings are set to rise
London - AFP

British drugmaker AstraZeneca on Thursday said annual earnings were set to rise more than expected after a strong third quarter.

Net profit more than tripled to $770 million (710 million euros) in the three months to the end of September compared with one year earlier, AstraZeneca said in a statement.

"Our financial performance in the year to date... underpinned today's upgrade to full-year guidance," said chief executive Pascal Soriot.

"2016 will be a pivotal year in our strategic journey as we face the impact of loss of exclusivity to (anti-cholesterol drug) Crestor in the US."

AstraZeneca said it now expects "a mid to high single-digit percent increase" in annual core earnings per share compared with "a low single-digit percent increase".

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