A German drug maker’s earnings reached 56.7 million euro (£50.4 million) for the fourth quarter of last year, up from a 280 million euro loss in 2008.
Darmstadt-based Merck said its revenue for last year was 7.7 billion euro and the company expects revenue for 2010 to rise between 3% and 7%. Merck’s results a year ago saw charges related to a divestment.
Revenue for the last quarter, the October-December period, rose by nearly 6% to more than two billion euro, an increase from 1.92 billion euro in 2008.
The firm also makes liquid crystal displays for televisions and computer monitors.
Copyright Press Association 2010
Department of Health