Galenica AG (GALE.SW) Thursday reported net profit of CHF 88.6 million, or CHF 1.77 per share for the first half, higher than CHF?79.3 million or CHF 1.58 per share in the comparable period last year.
Excluding one-time items, adjusted net profit was CHF 90.7 million or CHF 1.81 per share, up from CHF?77.7 million or CHF 1.55 per share a year ago.
Earnings before interest and taxes or EBIT increased by 6.2% to CHF?108.8 million. Adjusted EBIT rose 10.9% to CHF?109.9 million. EBIT in the first half was benefited from one-time effects of CHF?5.4 million. Excluding this, adjusted EBIT increased 5.4%.
Sales grew by 5% to CHF?1.995 billion, helped by growth in both Products & Care and Logistics & IT divisions.
For the full year, the company continues to expect sales to grow in the range of 3% - 5%.
EBIT for the year is now expected to grow 7%-9% due to one-time effects of CHF 5.4 million. Previously it was expecting EBIT growth of 4%-6%.
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