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Merck KGaA reports decrease in third-quarter profits, upgrades full-year guidance

3:04 AM MST | November 15, 2012 | Sotirios Frantzanas

Merck KGaA (Darmstadt, Germany) says its net profits decreased 17% in the third quarter of 2012, to €185.5 million ($237.4 million) from €223.9 million in the third quarter of 2011. Ebit also decreased 4% in the third quarter, to €318.1 million. Sales, however, increased 12% year over year, to €2.72 billion driven by solid performances in three of the company's four divisions--only the consumer health division reported a decrease in sales in the third quarter of 2012, the company says. Earning per share declined 17% in the third quarter...

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