ZURICH, April 28 — Swiss pharma giant Novartis today reported higher profits for the first quarter as customers rushing to buy treatments during the coronavirus outbreak boosted the bottom line. Net profit for the first quarter rose 16 per cent to US$2.1 billion (RM9.16 billion) while sales...
Swiss drugmaker Novartis' net profit for the first quarter rose 16 per cent to US$2.1 billion while sales increased by 11 per cent. ― Reuters pic
Net profit for the first quarter rose 16 per cent to US$2.1 billion while sales increased by 11 per cent. The pharma giant said the pandemic had had “no material impact on our underlying business, financial condition, cash collections or liquidity”. Consequently, it maintained its outlook for the full year 2020, in which it expects core operating income to rise by a high single or low double-digit percentage.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cops bust online gambling call centres in Selayang, 16 nabbed | Malay MailGOMBAK, April 28 ― Police today raided online gambling call centres suspected to be operating at two apartments in Selayang here and apprehended 16 individuals including two women. Gombak district police chief ACP Arifai Tarawe said the suspects aged between 18 and 39 were picked up at 7.30pm. He...
Read more »
Cops bust online gambling call centres in Selayang, 16 nabbed16 units of laptops and 31 units of mobile phones were also confiscated.
Read more »
HSBC profits halved as virus batters global economy | Malay MailHONG KONG, April 28 — HSBC today said first quarter pre-tax profits almost halved as the banking giant was battered by the global coronavirus pandemic while it embarked on a major restructuring. The lender reported pre-tax profits of US$3.2 billion (RM13.9 billion), down 48 per cent from the same...
Read more »
Samsung Electronics reports 3pc drop in Q1 net profit | Malay MailSEOUL, April 29 — The world’s biggest smartphone maker, Samsung Electronics, reported a three-per cent drop in first-quarter net profits today, as the coronavirus pandemic dampened consumer demand. Net profits in the January-to-March period were 4.88 trillion won (US$4 billion), down 3.1...
Read more »
Forget 2020: Stock market optimists look at 2021 for buy signals | Malay MailLONDON, April 29 — Shrugging off reams of terrible economic data, plunging oil prices and dire corporate results, world stocks have recouped around half of this year’s coronavirus-linked losses as investors flip over their calendars to bet on a strong recovery in 2021. Trillions of dollars in...
Read more »
'World should have listened to WHO' on virus, says director | Malay MailGENEVA, April 28 — The World Health Organisation's director-general said yesterday that the agency had sounded the highest level of alarm over the novel coronavirus early on, but lamented that not all countries had heeded its advice. Tedros Adhanom Ghebreyesus pointed out that the WHO warned the...
Read more »