People & Business :: Companies
Merck KGaA Posts Higher Quarterly Profits and Sales; Cuts Full-Year Guidance
5:59 AM MDT | October 26, 2010 | Ian Young
Merck KGaA posted a 46% hike in third-quarter 2010 net profits compared with the same period of last year, to €211 million on sales up 25%, to €2.4 billion. Operating profits soared 64%, to €363.5 million beating analysts' forecasts of about €330 million. Merck KGaA's revenues were boosted by the acquisition of laboratory equipment manufacturer Millipore last July. "We delivered another good quarter, with net profit especially giving reason to be pleased," says chairman Karl-Ludwig Kley. "We are well on our way to an excellent...
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