logo
Plus   Neg
Share
Email

Merck KgaA FY17 Net Profit Climbs, EBITDA Down; Lifts Dividend

Merck KGaA (MKGAY.PK) reported Thursday that its fiscal 2017 profit after tax climbed 60 percent to 2.61 billion euros from last year's 1.63 billion euros. Earnings per share were 5.98 euros, up 59.5 percent from 3.75 euros a year ago.

Adjusted earnings per share were 6.16 euros, compared to 6.21 euros last year.

EBITDA dropped 3 percent to 4.28 billion euros.

Net sales increased 2 percent to 15.33 billion euros from last year's 15.02 billion euros.

In the fourth quarter, net sales increased slightly to 3.85 billion euros from last year's 3.83 billion euros. Adjusted EBITDA was 1.005 billion euros, down from 1.075 billion euros last year.

Further, the company said that for 2017, it will propose to the Annual General Meeting a dividend of 1.25 euros per share, an increase of 0.05 euro.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A $716 billion defense policy bill easily cleared the Senate on Monday, although the legislation must still be reconciled with the version previously approved by the House. The Senate voted 85 to 10 in favor of the National Defense Authorization Act, which authorizes U.S. military spending for fiscal 2019. Voip-Pal.com Inc. has filed a lawsuit against Amazon Inc., accusing Alexa's calling and messaging services of infringing its patents. The lawsuit, filed by Voip-Pal in the U.S. District Court in Nevada, accuses Amazon's Alexa calling and messaging system of using Voip-Pal's patented technologies to direct voice/video calls and voice messages to both Amazon subscribers and non-subscribers. Canada is a step closer to becoming the first G-7 nation to legalize marijuana nationwide after the House of Commons voted to allow recreational use. The bill will now go back to the country's Senate, which had already approved a version of the bill. On Monday, the House of Commons voted 205 to 82 in favor of the Bill C-45, known as the Cannabis Act.
Follow RTT