HAFSLUND NYCOMED 46% OPERATING PROFIT JUMP

17 February 1992

Norwegian company Haflsund Nycomed reported a massive 46% rise in total operating profits for 1991, reaching 1.58 billion Norwegian kroner ($251.7 million), on total operating revenues of 5.52 billion kroner ($879,9 million), up 27%. Pretax profits increased 26% to 1.31 billion kroner ($208.8 million), the company announced.

The results were helped by a strong strategic development program, which last year included the acquisition of DAK Labora-toriet of Denmark in January, an additional 10% holding in HN Pharma of Austria (formerly CL Pharma) in February and Benzon Pharma of Denmark in July. In October, Hafslund Nycomed extending its stake in HN Pharma by 35% to full control of the company, and in December it bought Kebo Care of Norway.

October also saw the approval in Ger-many of its contrast imaging agent Imago-paque (iopentol) and of Tachocomb (a post-surgery dressing) in Austria, while in November it established Nycomed Hellas SA in Greece, and applied for registration in the UK for Omniscan (gadodiamide), a magnetic resonance imaging compound.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK



Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight