Arab Today, arab today pharma giant roche sees 5 profit drop
Last Updated : GMT 05:12:30
Arab Today, arab today
Arab Today, arab today

Pharma giant Roche sees 5% profit drop

Arab Today, arab today

Arab Today, arab today Pharma giant Roche sees 5% profit drop

Basel - AFP

Swiss pharma giant Roche on Thursday blamed the strong Swiss currency for a 5.0-percent drop in its first half net profit to 5.259 billion francs (4.483 billion euros, $6.410 billion). On a currency adjusted basis, net profits were up 10 percent, said the group. \"These results reflect the strength of the group’s business as well as the impact of the strong appreciation of the Swiss franc against all currencies relevant for Roche since the first half of 2010,\" the Basel-based group said. \"However, (the) underlying currency exposure is mitigated by the large majority of the cost base being located outside of Switzerland,\" it added in its earnings statement. The group\'s sales also plunged 12 percent to 21.671 billion francs year-on-year, but rose 5 percent when measured in US dollars. Despite the currency impact, Roche maintained its full year earnings outlook in local currencies for sales. \"Barring unforeseen events, group and pharmaceuticals sales (excluding Tamiflu) are expected to grow at low single-digit rates in local currencies, reflecting the impact of US healthcare reforms and European austerity measures,\" it said.

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 pharma giant roche sees 5 profit drop Arab Today, arab today pharma giant roche sees 5 profit drop

 



Arab Today, arab today

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 pharma giant roche sees 5 profit drop Arab Today, arab today pharma giant roche sees 5 profit drop

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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