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Novartis Q3 net income declined

Christian Fernsby ▼ | October 27, 2020
Novartis reported that its third quarter net income declined 5% to $1.93 billion from last year, as higher operating income was offset by a higher tax rate.
Novartis
Novartis   Third quarter net income declined 5% to $1.93 billion
Quarterly net income was flat at constant currencies basis.

Topics: Novartis

Net sales for the third quarter were up 1% from last year, driven by volume growth of 7 percentage points, offset by price erosion of 4 percentage points and the negative impact from generic competition of 3 percentage points.

Net sales were flat at constant currencies basis.


 

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