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Home › Strong US dollar hurts Q2 profits of Switzerland's Novartis

 

Strong US dollar hurts Q2 profits of Switzerland's Novartis

2015-07-21 10:17:59| Biotech - Topix.net

Swiss-based pharmaceutical company Novartis says second-quarter net income dropped 32 percent over the same quarter last year, brought down primarily by poor performance from associated companies and negative effects of a strong U.S. dollar. Second-quarter net income was $1.856 billion, down from $2.723 billion in the same quarter in 2014.

Tags: strong dollar profits hurts

Category:Biotechnology and Pharmaceuticals

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