Ipsen reports full-year profits rise

1 March 2016

French pharmaceutical group Ipsen (EPA: IPN) has announced net profits of 190.7 million euros ($2017. 3 million) for the last financial year, 2015.

The figure shows a 23% increase on the previous 12-month period and a 25.3% increase in earnings per share to 2.78 euros. The board has proposed a dividend of 0.85 euros per share.

The annual report revealed sound cash flow generation with closing cash of 214.0 million euros. Full year group sales were up 10.4% to 1.44 billion euros up from 1.27 euros in 2014.

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