Novartis AG NVS reported a 12% surge in its second-quarter net profit.
The company's net profit increased to $2.73 billion, from $2.44 billion in the year-earlier period. Novartis' core net profit, excluding exceptional one-off costs, surged to $3.56 billion from $2.77 billion. Group sales climbed 27% y/y to $14.92 billion from $11.72 billion.
NVS shares dropped 0.32% to $60.63 in after-hours trading.
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