Merck KGaA Q2 net profit up 13.2%
German pharmaceutical firm Merck KGaA (MRK: DE) on Thursday posted a 13.2% rise in net profit for the second quarter boosted by favorable currency impact.
Net profit stood at 343.4 million euros ($374 million) ahead of estimates, compared with 303 million euros a year ago. Analysts had expected net profit of 317 million euros, according to a poll by The Wall Street Journal.
Sales rose 14.4%, to 3.22 billion euro, versus 2.82 billion euros a year earlier last year, driven by strong growth in the life sciences business.
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