• Switzerland's news in English
 
app_header_v3

Roche profits tumble in first six months of 2012

AFP · 26 Jul 2012, 17:28

Published: 26 Jul 2012 17:28 GMT+02:00

The figure was linked to restructuring charges associated with the closure of its US research and development facility in Nutley, New Jersey, Roche said in a statement.

The Nutley closure -- involving the loss of 1,000 jobs -- will result in savings of 370 million francs, Roche said, although the measure cost 858 million francs.

Further streamlining in the company's diabetes and applied science sectors cost 289 million francs and another 530 million francs was spent on global restructuring, Roche said.

Operating profit was up seven percent to 8.6 billion francs and the company's turnover rose to 22.4 billion euros, up three percent on 2011, despite downward pressure on prices, particularly in
Europe.

The pharmaceuticals sector achieved the best results, with operating profit up nine percent.

Story continues below…

The main growth drivers were cancer medicines, the hepatitis drug Pegasys, rheumatoid arthritis treatment Actemra/RoActemra and the clinical laboratory business.

Looking ahead, Roche chief executive Severin Schwan said the restructuring measures would enable the group to invest in clinical trials and that "barring unforeseen events", he expected "low to mid-single digit sales growth".

Your comments about this article

2012-07-27 10:20:50 by smeghead
They will never survive with only making 4.4 billion Chf. I know i could not. that just my champange bill for the year
Today's headlines
Geneva advises teachers on religion in school
File photo: C Carlstead

The secular canton of Geneva has issued guidelines for teachers on how to deal with religious issues in the classroom.

All you need to know about Switzerland’s strangest sports
Swiss wrestling is the main event at the Eidgenössische. Photo: Ulrich Ackermann/Swiss Tourism

The Local takes a closer look at the unique Swiss sports that are the highlight of the Fédérale, or Eidgenössische, festival this weekend.

Basel woman tied up and robbed in own home
Basel city. File photo: Michelle Kinsey Bruns

The victim was attacked by three burglars in her home in broad daylight.

Swiss sports court upholds Russia ban from Paralympics
Head of Russia's Paralympic Committee Vladimir Lukin. Photo: Yuri Kadobnov/AFP

Russia has lost an appeal against a suspension issued over a vast, state-run doping programme.

Swiss Post trials robot parcel deliveries in Bern
The robots are designed to carry out local deliveries autonomously. Photo: Starship

Robots will be seen on the streets of the Swiss capital next month.

 Mia and Noah are top Swiss baby names – again
File photo: Robert Valencia

Name choices have varied little over the past few years.

Valais battles to save famous apricots from fruit fly
Apricots are a symbol of the Valais. Photo: Valais Tourism

The suzukii fruit fly has destroyed up to 20 percent of this year’s luizet apricots.

US approves Chinese mega deal with Swiss company
The chairmans of ChemChina and Syngenta met in February to discuss the deal. Photo: Michael Buholzer/AFP

ChemChina's takeover of Syngenta would be by far the biggest-ever overseas acquisition by a Chinese firm.

Germany bolsters Swiss border against refugees
Ther Swiss-German border at Kreuzlingen. Photo: Fabrice Coffrini/AFP

The number of refugees trying to enter Germany through Switzerland has risen significantly in 2016.

Rio 2016
In pictures: final day success takes Swiss to seven medals
Nino Schurter wins Switzerland's third gold of Rio 2016. Photo: Pascal Guyot/AFP

Nino Schurter takes mountain biking gold on the last day of competition.

Sponsored Article
Why expats choose international health insurance
Photo: AFP
Politics
Survey: Swiss optimistic about Brexit effect
Sponsored Article
Why you should attend an international job fair
Photo: Neil Heritage/Endeavour Fund
Features
Amputee's Matterhorn trek 'makes it more possible' for others
Photo: EPFL
International
Switzerland tops global innovation table – again
Sponsored Article
Five things Americans should know about voting abroad
Photo: Vasily Cotovanu
National
Asylum centre plans shelved after Swiss village protests
Sponsored Article
Jordan: where history meets adventure
Photo: The Local
Politics
Neuchâtel looks to boost rights for foreigners
Photo: AFP
Sport
In pictures: final day success takes Swiss to seven medals
Photo: AFP
National
Experts debate rail security following Swiss train attack
Sponsored Article
Why expats choose international health insurance
File photo: AFP
Sport
Two basejumpers die in Lauterbrunnen accidents
Sponsored Article
Why you should attend an international job fair
Photo: AFP
International
Amnesty fears for child migrants at Italian border
Photo: AXA Winterthur
National
Report: Geneva is Swiss capital of car theft
Sponsored Article
Jordan Pass: your ticket to the experience of a lifetime
Photo: Dani Pozo/AFP
National
Top tips for watching the meteor shower in Switzerland
Sponsored Article
Life in Jordan: 'Undiscovered treasure'
File photo: Andrew Turner
Technology
Swiss start-up to offer drone service to farmers
Photo: Beat Strasser
National
British quadruple amputee summits Matterhorn
Photo: Judit Klein
National
Switzerland sees rise in child victims of forced marriage
Photo: Michael Schlick/OS Muhr
National
Swiss hiker in Austria rescued after sending SOS to America
Photo: Chris Murphy
Features
14 mistakes foreigners make on moving to Switzerland
Photo: AFP
Lifestyle
Swiss resort unveils huge ‘natural’ fresco on mountain
Photo: C Sonderegger/Swiss Tourism
National
Five great Swiss traditions all expats should try
Photo: AFP
National
Confirmed cases of Zika virus soar in Switzerland
Photo: eGuide Travel
National
Prison for woman who faked Swiss airport bomb threat
Photo: AFP
Technology
Swiss solar plane completes epic round-the-world trip
File photo: Chase Elliott Clark
Lifestyle
Study: a fifth of Swiss spy on neighbours
Photo: Katwarn.de
National
Switzerland mulls alarm text message service
4,727
jobs available