Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

AstraZeneca sees profits rocket

Share this article

17:15 CET+01:00
Anglo-Swedish pharmaceuticals giant AstraZeneca posted third quarter profits on Thursday up 28.8 percent on the same period last year.

Net profits surged to $1.73 billion in the third quarter.

Revenue rose by 8.7 percent to 7.775 billion dollars in the three months to September compared to the same period a year earlier, the company said in an official statement.

"AstraZeneca has delivered a robust set of results that deliver on our performance commitments despite an increasingly challenging environment for the pharmaceutical sector and business in general," said Chief Executive David Brennan in the earnings release.

"We continue to make good progress on reshaping our cost base, including advancing innovation in our research and development activities with greater productivity and efficiency."

Get notified about breaking news on The Local

Share this article

From our sponsors

The ‘fairytale' boarding school nestled in a Swedish village

The words ‘boarding' and ‘school' often summon images of strict teachers, drab dormitories and downcast children. That image couldn't be further from reality at Sigtunaskolan Humanistiska Läroverket (SSHL), where boarders describe the ‘fairytale' school as a home away from home.

Advertisement