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Merck KGaA Triples First Quarter Net Profit, Ups Annual Profit Forecast by 30%

3:59 AM MDT | April 29, 2010 | Alex Scott

Pharmaceuticals and specialty chemicals firm Merck KGaA (Darmstadt, Germany) says it has more than tripled net profits for the first quarter of the year to €191.4 million ($254 million), up from €56.7 million for first quarter 2009. Pre-tax profit more than doubled to €256 million, up from €94 million for the same period a year ago. Corresponding sales increased 12.9% to €2.1 billion during the same period. The firm’s return on sales rose to 14% in the first quarter of the year compared with 10.7% for the year-ago period.  ...

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