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Schwarz Pharma FY profits, sales beats forecasts


Published : Mon, 26 Feb 2007 08:48
By : Agencies
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FRANKFURT (AFX) - Schwarz Pharma AG posted full year EBIT of 49.5 mln eur, up from a loss of 17 mln a year earlier and well above the consensus forecast for a profit of 33.3 mln eur.

Sales rose to 1.0 bln eur from 991 mln in 2005, beating expectations for 956 mln, though the company forecast a decline to around 800-850 mln eur for 2007.

Net profit fell to 12.4 mln eur from 54 mln due to extraordinary gains in 2005, also ahead of analyst expectation of 7.36 mln eur.

The company proposes to pay a full year dividend of 0.20 eur per share, it said.

patrizia.kokot@thomson.com

pk/jms

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