Roche 1st Half Net Profit Fell as Coronavirus Hurt Sales
July 23 2020 - 01:48AM
Dow Jones News
By Matteo Castia
Roche Holding AG reported Thursday a fall in first-half net
profit as the coronavirus pandemic hurt sales.
The Swiss pharma giant made a net profit of 8.08 billion Swiss
francs ($8.69 billion) for the six months compared with CHF8.62
billion in the year-earlier period.
Sales fell to CHF29.28 billion from CHF30.47 billion the
previous year.
Operating profit was CHF10.64 billion, down from the CHF10.84
billion reported in the previous year.
"To some extent the Covid-19 pandemic negatively affected sales
across the whole business," the company said, citing travel
restrictions, cancelled or delayed patient visits, and minimized
visits to pharmacies by consumers.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
July 23, 2020 01:33 ET (05:33 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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