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AZN Astrazeneca Plc

11,682.00
-282.00 (-2.36%)
Last Updated: 16:16:35
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Astrazeneca Plc LSE:AZN London Ordinary Share GB0009895292 ORD SHS $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -282.00 -2.36% 11,682.00 11,680.00 11,682.00 11,908.00 11,682.00 11,844.00 717,342 16:16:35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 54.07B 7.04B 4.5371 25.82 185.51B

AstraZeneca Profit Lifted by Tax Gain

10/11/2016 8:01am

Dow Jones News


Astrazeneca (LSE:AZN)
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From Feb 2020 to Feb 2025

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By Denise Roland 

AstraZeneca PLC was boosted by a one-off tax windfall in the third quarter, helping offset heavy investment into the drugs it hopes will fuel strong growth.

The drugs giant posted a net profit of $1 billion for the three months to Sept. 30, 32% higher than in the same period a year earlier, while revenue dipped 4% to $5.7 billion. Analysts had expected net income of $731 million and revenue of $5.87 billion.

Cambridge, England-based Astra said profit was lifted by a $453 million payment relating to agreements between the Canadian tax authority and those of the U.K. and Sweden.

Core operating profit, a measure that strips out certain one-time gains and losses, declined 2% to $1.7 billion.

Write to Denise Roland at denise.roland@wsj.com

 

(END) Dow Jones Newswires

November 10, 2016 02:46 ET (07:46 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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