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Merck 3Q net profit 200.1 million euros

Merck 3Q net profit 200.1 million euros

Drug maker Merck KGaA said Monday its third-quarter profit rose on stronger sales. It said it expected to meet its 2008 sales forecast.
Darmstadt-based Merck said net profit after minorities for the July through September period amounted to 200.1 million euros ($252.7 million) _ up from 36.2 million euros a year earlier.
Last year's third-quarter earnings were weighed down by costs related Merck's purchase of Serono SA, a Swiss biotechnology company.
Sales for the quarter were 1.9 billion euros ($2.4 billion), compared with 1.7 billion in the third quarter of 2007, an increase of almost 9 percent.
Merck said it "expects to meet the full-year guidance announced in February," although it said it was narrowing the range of that forecast.
Merck said it now expects sales to grow by between 6 percent and 8 percent for the year. The company had originally forecast a sales increase of between 5 percent and 9 percent.
The company said sales of liquid crystals should come in between 5 percent and 6 percent higher, originally forecast at between 5 percent and 10 percent.
Serono sales growth should be in the range of 8 percent to 10 percent. Merck originally forecast growth between 7 percent and 11 percent.


Updated : 2021-03-09 06:02 GMT+08:00