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People & Business :: Earnings/Finance
Siegfried reports huge rise in profits
1:58 AM MST | March 4, 2014 | Deepti Ramesh
Siegfried (Zofingen, Switzerland) reports a more than doubling in net profits for 2013, compared with 2012, to 53.9 million Swiss francs ($61 million), mainly because of a favorable tax effect and extraordinary income, the company says. Full-year sales increased 1.9%, to SF374.9 million. The company’s drug substances business reports sales of SF274.2 million, which accounted for about 73% of overall sales; of this, SF182 million was generated by exclusive synthesis sales and SF92 million by sales from Siegfried’s own portfolio of controlled...
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