Novartis reports strong first quarter profit
Swiss pharamaceutical giant Novartis on Tuesday reported a 49 percent jump in net profit for the first quarter on a 12-month comparison -- a result that was hailed by analysts.
Profits rose to 2.948 billion dollars (2.189 billion euros) compared to 1.975 billion dollars a year ago, with revenues boosted by sales of the swine flu vaccine delivered last year in response to a pandemic alert.
Analysts at Swiss bank Wegelin said the results were "excellent."
© 2010 AFP