Merck & Co sales leap 28%; EPS up 13%
Merck & Co says that group sales increased 28% to $11.3 billion for thefirst quarter of 2001, resulting in net income of $1.66 billion, up 11%, and earnings per share at $0.71, a rise of 13% over the like, year-earlier quarter. Sales of human health products rose 8% while those at pharmacy benefit management unit Merck-Medco leapt 51%, but the parent firm does not break out the actual turnover figures for these businesses.
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