Novartis pre-tax profit down 55%

PRE-TAX profits at an Irish subsidiary of pharmaceutical giant, Novartis last year dropped by 55% to €8.4 million.

Novartis pre-tax profit down 55%
Tue, 13 Jul, 2010 - 01:00
Gordon Deegan

Accounts just returned to the Companies Office show revenues at Cork-based Novartis Ringaskiddy Ltd (NRL) dropped by 7% from €122.3m to €113.5m to the end of December last.

The manufacturing company — which employs 437 — sustained the 55% drop in pre-tax profits from €18.9m to €8.4m.

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