Novartis Year Profit Up 15 Pct
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BASEL, Switzerland  - Net profits at Novartis AG  rose by a lower-than-expected 15 percent last year as  restructuring costs weighed, the company reported on Thursday,  but the world's sixth biggest drugmaker said it expects record  sales in 2005.
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Swiss pharmaceutical maker Novartis AG said Tuesday it has received U.
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Novartis  missed  expectations with a 4 percent rise in second-quarter net income  to &#36;1.713 billion on Monday, as heavy charges from the Swiss  drug giant&#039;s acquisition of U.S. biotech firm Chiron weighed.
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GENEVA  Â The Swiss pharmaceutical maker Novartis said on Thursday that its profit dropped 45 percent in the fourth quarter, citing revamping costs and a weak performance in the United States.
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Swiss pharmaceutical giant Novartis on Thursday announced record earnings over the first nine months of the year, but third quarter profits fell 12 percent on sharper competition from generic drugs.
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The company said first-quarter profit rose 14 percent on strong sales growth across nearly all regions.
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Swiss pharmaceuticals giant Novartis AG on Thursday reported a 21 percent rise in third-quarter net profit to $1.55 billion.
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Merck & Co.  said on Monday that quarterly earnings rose 12 percent on strong demand for its newer vaccines and medicines, and raised its 2007 profit forecast, sending its shares up 4 percent.
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Genentech Inc.  said on  Tuesday second-quarter profit rose 79 percent on demand for  cancer medicines and raised its full-year forecast, but its  stock fell as sales of colon cancer drug Avastin disappointed.
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Deals worth nearly 15bn euros have boosted share prices as Europe's pharmaceuticals sector consolidates further.
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Sanofi-Aventis  posted higher-than-expected fourth-quarter current operating profit, despite healthcare savings in Europe as well as generic rivalry, and the drugmaker predicted more growth for 2007.
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The Swiss pharmaceutical giant, Novartis, on Tuesday announced an 18 percent increase in second quarter net profit to 2.02 billion dollars (1.46 billion euros) and reiterated its forecast of record profits this year.
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Third-quarter profit rose 15 percent to $1.28 billion as premium and fee growth in its Medicaid business helped offset lower enrollment in employer-sponsored programs.
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The Royal Bank of Scotland (RBS) said on Thursday that net profit rose by 15 percent to 6.2 billion pounds in 2006, boosted by its investment banking arm.
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The cardiovascular device maker said its second-quarter profit, excluding charges, was $271 million, or 18 cents per share, compared with $412 million, or 31 cents per share, a year ago.
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Strong summer traffic on its trans-Atlantic flights helped boost Continental Airlinesâ profit by 15 percent in the second quarter.
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The toy maker reported a 15 percent increase in its second-quarter profit on global sales of Barbie dolls and Hot Wheels toy cars that offset U.S. declines.