Business & Finance
Merck triples net income to $1.7bn
NEW YORK : Pharmaceuticals giant Merck said on Friday it had tripled its net income to $1.7 billion, beating expectation
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NEW YORK: Pharmaceuticals giant Merck said on Friday it had tripled its net income to $1.7 billion, beating expectations thanks to big increases in sales of popular drugs and a favourable exchange rate.
Earnings per share reached $0.94, ahead of the $0.91 predicted by analysts. Sales saw an eight percent increase to $12 billion, besting market predictions of $11.6 billion.
Copyright AFP (Agence France-Presse), 2011
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