Net Profits Rise 16% At Roche In First Half
Swiss pharmaceutical group Roche has announced a rise in net profits of 16% to 2.2 billion Swiss francs ($1.8 billion) in the first six months of 1996. The increase is in the middle of analysts' expectations for the company, which ranged from 14% to 19%. Gross profits were 5.4 billion francs, up 3%, and operating profits were 1.9 billion francs, a rise of 8% on the like, year-earlier period.
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