Bayer Healthcare gets big boost from Schering as 2nd-qtr net leaps 46%
Leading German health care, crop sciences and chemicals group Bayer AG beat consensus forecasts with its second-quarter 2007 results, causing its shares - which are already up some 28% in the year so far - to rise 2% to 53.25 euros in early trading on August 7.
Group sales rose 22% to 8.22 billion euros ($11.34 billion), while net income leapt 46% to 660.0 million euros and underlying earnings before interest, tax, depreciation and amortization climbed 39% to 1.81 billion euros. Adjusted for currency and portfolio effects, Bayer's turnover grew 5.4%.
Health care revenues rocket 65%
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