GENEVA: Swiss drug maker Novartis AG reported a 4 percent dip in first-quarter net profits Tuesday as the cost of purchasing its remaining stake in eye care company Alcon Inc. depressed earnings.
The company earned $2.82 billion in the first quarter, down from $2.95 billion in the January-March period last year when profits were boosted by high sales of swine flu vaccine.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!