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Nutley closure impacts earnings
July 26, 2012
By: Tim Wright
Roche 1H Revenues: $25.5 billion (+4%) 1H Earnings: $4.6 billion (-14%) Comments: Pharmaceutical sales were $18.2 billion (+4%). Growth in the half was driven by cancer medicines, hepatitis drug Pegasys, rheumatoid arthritis treatment Actemra/RoActemra and the clinical lab business. Earnings decline was mainly due to costs related to closure of Nutley, NJ operations and productivity measures in Applied Science and Diabetes Care.
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