Arab Today, arab today roche profits fall 17 on restructuring costs
Last Updated : GMT 04:27:18
Arab Today, arab today
Arab Today, arab today

Roche profits fall 17% on restructuring costs

Arab Today, arab today

Arab Today, arab today Roche profits fall 17% on restructuring costs

Geneva - AFP

Swiss pharma giant Roche on Thursday said it was on course to meet its objectives despite a 17-percent drop in first half profits to 4.4 billion francs (3.6 billion euros). The figure was linked to restructuring charges associated with the closure of its US research and development facility in Nutley, New Jersey, Roche said in a statement. The Nutley closure -- involving the loss of 1,000 jobs -- will result in savings of $370 million francs (308 million euros), Roche said, although the measure cost 858 million francs (714 million euros). Further streamlining in the company\'s diabetes and applied science sectors cost 289 million francs and another 530 million francs (441 million euros) was spent on global restructuring, Roche said. Operating profit was up seven percent to 8.6 billion francs (7.2 billion euros) and the company\'s turnover rose to 22.4 billion euros (18.6 billion), up three percent on 2011, despite downward pressure on prices, particularly in Europe. The pharmaceuticals sector achieved the best results, with operating profit up nine percent. The main growth drivers were cancer medicines, the hepatitis drug Pegasys, rheumatoid arthritis treatment Actemra/RoActemra and the clinical laboratory business. Looking ahead, Roche chief executive Severin Schwan said the restructuring measures would enable the group to invest in clinical trials and that \"barring unforeseen events\", he expected \"low to mid-single digit sales growth\".

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today roche profits fall 17 on restructuring costs Arab Today, arab today roche profits fall 17 on restructuring costs

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today roche profits fall 17 on restructuring costs Arab Today, arab today roche profits fall 17 on restructuring costs

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Egypt's Sisi meets Israeli PM at UN

GMT 04:27 2017 Wednesday ,20 September

Egypt's Sisi meets Israeli PM at UN
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 14:33 2017 Monday ,18 September

Cholera Cases Could Hit 850,000

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday