Plus   Neg

Daiichi Sankyo H1 Profit Climbs; Lifts FY19 Outlook

Daiichi Sankyo Co. Ltd. (DSKYF.PK), a Japanese pharmaceutical company, reported Thursday that its first-half profit attributable to owners of the company increased 46.4 percent to 64.4 billion yen from the prior year's 44 billion yen.

Operating profit increased 48.6 percent year on year to 86.2 billion yen.

Revenue for the period rose 7.3 percent to 479.6 billion yen from last year's 446.9 billion yen.

Looking ahead for fiscal 2019, the company now expects attributable profit of 90 billion yen, higher than previous estimate of 72 billion yen. Operating profit is now expected to be 125 billion yen, up from previous view of 100 billion yen. Revenue for the year is estimated to be 955 billion yen, compared to previous view of 940 billion yen.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lord & Taylor joined the growing list of U.S. retailers who filed for bankruptcy amid the coronavirus pandemic. Lord & Taylor, one of the oldest department store chains in the U.S., filed for bankruptcy protection in the Eastern Court of Virginia on Sunday. The company operated 38 stores that have remained temporarily closed since March this year due to the pandemic. Thomson International Inc. is recalling Red, Yellow, White, and Sweet Yellow Onions for potential contamination with Salmonella, according to a statement by the U.S. Food and Drug Administration or FDA. The onions are in distribution since May 1, 2020. They were sold to wholesalers, restaurants, and retail stores in all 50 U.S. states, the District of Columbia and Canada. Tyson Foods, Inc. (TSN) reported third quarter adjusted net income per share attributable to company of $1.40 compared to $1.47, a year ago. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.94, for the quarter. Analysts' estimates typically exclude...
Follow RTT