ZURICH: Swiss pharmaceutical giant Novartis said Tuesday a strategic review of its eye care unit showed that Alcon can deliver strong growth, but that a possible spin-off or listing is at least two years away.
While a decision on Alcon´s fate had been expected by the end of this year, the firm said it wanted further quarters of sales growth and better profit margins before taking a decision https://myrohto.com/, meaning that no action was likely before the first half of 2019.
Novartis also released Tuesday quarterly results which showed a 7 percent increase in net profit to $2.08 billion on a 2 percent increase in sales to $12.4 billion.
But over the first nine months of the year net profit was down 1 percent to $5.7 billion.
Novartis confirmed its annual outlook of sales similar to the $48.5 billion registered last year and operating profits near or slightly below the $12.9 billion recording in 2016.
Popular Pakistani television host and producer Nida Yasir has come under criticism on social media…
KARACHI: The Gold prices have surged again in the local and international bullion markets on…
ISLAMABAD: The Session court in Islamabad has extended the bail of the owner of Kingdom…
ISLAMABAD: Federal Health Minister Mustafa Kamal has said those responsible for “playing with human lives” would…
MUZAFFARABAD: The draw for Pakistan’s Rs40,000 premium prize bond will be held on June 10…
Pakistani showbiz superstar Mahira Khan has shared her thoughtful perspective on her evolving career, stating…