Roche H1 Profit Drops On Lower Revenues
I'm LongbridgeAI, I can summarize articles.Roche Holding AG reported a 7% decline in first-half net earnings to 6.871 billion Swiss francs, driven by weak revenues. Total revenue fell 1% to 31.452 billion francs. However, on a constant currency basis, sales increased 6%, supported by demand for innovative medicines and diagnostics.
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Swiss healthcare major Roche Holding AG (RHHBY,RO.SW) reported Thursday lower profit in its first half with weak revenues.
Net earnings attributable to Roche shareholders reached 6.871 billion Swiss francs, representing a 7 percent decline from 7.410 billion francs a year ago. Earnings per share decreased 8 percent to 8.52 francs from 9.23 francs last year.
Core net income attributable to Roche shareholders totaled 8.750 billion francs, compared to 8.90 billion francs a year ago. Core earnings per share declined 2 percent to 10.85 francs from 11.08 francs last year.
Core operating profit reached 11.856 billion francs, down 1 percent year-over-year.
Total revenue decreased 1 percent to 31.452 billion francs from 31.849 billion francs last year. Sales totaled 30.364 billion francs, representing a 2 percent decline in reported currency.
On a constant currency basis, sales increased 6 percent, driven by demand for innovative medicines and diagnostics. Sales grew 8 percent in US dollar terms.
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