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Pharmaceutical company Novartis AG cites momentum in 3% profit increase

GENEVA -- Swiss pharmaceutical company Novartis AG posted a 3-percent rise in second-quarter profits Thursday, reflecting what it described as solid growth and an increased focus on core products.

Profits during the April-June quarter rose to US$3.28 billion, up from US$3.18 billion in the same quarter of 2013, helped by “strong innovation momentum” and rising sales in some of its household brands, the Basel-based company reported.

 

 

 

 

 

 

 

 

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