Last updated: July 31. 2013 4:02AM - 74 Views
Associated Press

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(AP) German drug and chemicals company Bayer AG says net profit rose 75 percent in the second quarter thanks to lower one-time charges and strong sales of new drugs.

Net profit came in at 841 million euros ($1.1 billion), up from 481 million euros a year ago when the company had 611 million euros in one-time charges, mostly for U.S. lawsuits over its birth-control pill. Revenues rose 1.9 percent to 10.36 billion euros.

The company, which is based in Leverkusen, Germany, said Wednesday it also saw stronger sales in its pharmaceuticals division, led by anti-clotting drug Xarelto, eye medicine Eylea, and cancer drug Stivarga. Pharmaceutical sales rose 5.5 percent.

Associated Press
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