Europe South Asia Asia Pacific Americas Middle East Africa BBC Homepage World Service Education



Front Page

World

UK

UK Politics

Business

Sci/Tech

Health

Education

Sport

Entertainment

Talking Point

In Depth

On Air

Archive
Feedback
Low Graphics
Help

Tuesday, August 3, 1999 Published at 07:54 GMT 08:54 UK


Business: The Company File

AstraZeneca profits fall

AstraZeneca's healthcare side saw profits up

Newly-merged chemicals company AstraZeneca is to review its non-drug business after reporting a sharp drop in profits.

The company, which formed in April, made a pre-tax profit of $1.342bn (£0.83bn) in the first six months of 1999 - down from a calculated combined profit of $2.089bn (£1.3bn) for the same period last year.

The Anglo-Swedish business said its healthcare side performed well, but it was "reviewing its strategies" in other areas after a fall off in agrochemicals.

Agrochemicals sales were down 5%, while healthcare was up 16%.

Group sales rose to $9.043bn from $8.096bn.

Chief executive Tom McKillop said the company "has made an excellent start with strong sales and profit growth in healthcare.

"Integration is progressing well and we look forward to the future with great confidence."

AstraZeneca shares have dropped some 20% since the merger, not helped by concern over the imminent expiry of the company's patent on $5bn anti-ulcer drug Losec.





Advanced options | Search tips




Back to top | BBC News Home | BBC Homepage | ©


The Company File Contents


Relevant Stories

12 May 99 | The Company File
Jobs saved in chemicals deal

17 Feb 99 | The Company File
Zeneca earnings dip

09 Dec 98 | The Company File
Zeneca and Astra merge to form drug giant

09 Dec 98 | The Company File
Europe's giant drug merger explained





Internet Links


AstraZeneca


The BBC is not responsible for the content of external internet sites.




In this section

Microsoft trial mediator welcomed

Vodafone takeover battle heats up

Christmas turkey strike vote

NatWest bid timetable frozen

France faces EU action over electricity

Pace enters US cable heartland

Mannesmann fights back

Storehouse splits up Mothercare and Bhs

The rapid rise of Vodafone

The hidden shopping bills

Europe's top net stock

Safeway faces cash demand probe

Mitchell intervenes to help shipyard

New factory creates 500 jobs

Drugs company announces 300 jobs

BT speeds internet access

ICL creates 1,000 UK jobs

National Power splits in two

NTT to slash workforce

Scoot links up with Vivendi

New freedom for Post Office

Insolvent firms to get breathing space

Airtours profits jump 12%

Freeserve shares surge

LVMH buys UK auction house

Rover - a car firm's troubles