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Merck’s First-Quarter Profits Rise

6:42 AM MDT | April 23, 2008 | Kerri Walsh

Merck KGaA reported first-quarter operating income from its liquid crystals business up 6%, to €119 million ($189.7 million), on sales up 13%, to €234 million compared to a “relatively weak first-quarter 2007.” A 25% jump in organic growth was offset by unfavorable currency rates, Merck says. The performance and life science chemicals business reported operating income up 12%, to €53 million because of reduced expenses and an improved gross margin, the company says. Sales rose by less than 1%, to €325...

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