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Siegfried Reports Huge Rise in Profits Amid Expansions

12:35 AM MDT | August 30, 2012 | Deepti Ramesh

Siegfried (Zofingen, Switzerland), a producer of active pharmaceutical ingredients (APIs), intermediates, and finished drugs, reported nearly a seven-fold increase in net profits in the first half of 2012 compared with the year-ago period, to SF13.2 million ($13.7 million). First-half sales increased 2.8%, to SF178.7 million. During the first half of 2012, Siegfried maintained revenue growth and increased profitability while progressing with the company strategy, and sales of drug products increased markedly after the launch of new drugs, the company says. The...

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