Novo Nordisk's profits rise 15% with further growth expected

30 January 2014

Danish insulin giant Novo Nordisk (NOV: N) has announced a 15% growth in profit in the firm’s 2013 financial results released today.

Fourth-quarter net income climbed 5% to 6.05 billion Danish kroner ($1.11 billion). That missed the 6.26 billion kroner average estimate of 14 analysts surveyed by Bloomberg. Operating profit fell to 7.35 billion kroner ($1.34 billion) in the fourth quarter, missing forecasts in a Reuters poll.

Full year forecast

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