Almirall results: strong half driven by dermatology and Mexican sale sends shares soaring

26 July 2016

Spain's leading drugmaker Almirall (ALM: MC) has reported that its total revenue in the first half of 2016 was 428.1 million euros ($470.8 million), which is 5% higher than in the same period of 2015.

The announcement of the latest financial results on Tuesday sent Almirall’s share price soaring by 8% to 14.46 euros in afternoon trading.

Growth was driven by dermatology, sales in which have risen 13.3% since last year, and this therapy area now accounts for 43% of the company’s sales, compared to 41% in the first half of 2015.

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