Roche Holding AG reported Thursday a fall in first-half net profit as the coronavirus pandemic hurt sales.
The Swiss pharma giant made a net profit of 8.08 billion Swiss francs ($8.69 billion) for the six months compared with CHF8.62 billion in the year-earlier period.
Sales fell to CHF29.28 billion from CHF30.47 billion the previous year.
Operating profit was CHF10.64 billion, down from the CHF10.84 billion reported in the previous year.
"To some extent the Covid-19 pandemic negatively affected sales across the whole business," the company said, citing travel restrictions, cancelled or delayed patient visits, and minimized visits to pharmacies by consumers.
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July 23, 2020 at 12:48PM
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Roche profit drops as virus weakens demand - MarketWatch
"drops" - Google News
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