Recordati raises FY outlook; H1 profit up 24.3% YoY

Italy-based Recordati (RECI: MI) on Wednesday raised its sales estimates for the full year 2015 and reported a 24.3% rise in first-half net profit.

The pharmaceutical company posted first half net profit of 103.2 million euros ($114.15 million), up 24.3% compared with a year ago. Revenue at 539.1 million euros was up 6.2% versus a year earlier.

The company raised its full year sales forecast to around 1,040 million euros. Recordati also sees full year operating income of around 270 million euros and net income at about 190 million euros.