Zentiva 2006 profit jumps, makes Turkey buy

05.03.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, March 5 (Reuters) - Czech drug maker Zentiva posted a slightly bigger than forecast 17.3 percent rise in 2006 net profits on Monday,...

...reapening the benefits of robust expansion in export markets.

Zentiva, one of central Europe's biggest pharmaceutical firms, reported net profit of 2.20 billion crowns ($102.9 million), above an average forecast of 2.15 billion crowns in a Reuters poll of eleven analysts.

The company, partly owned by France's Sanofi-Aventis , also announced the acquisition of 75 percent of Turkish Eczacibasi Generic Pharmaceuticals from EIS Eczacibasi Ilac Sanayi for 460 million euros in cash.

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