Actelion Q1 Net Profit Down 69%
Actelion Ltd (OTC: ALIOF) reported a 69% drop in its first-quarter earnings.
Actelion's quarterly net profit fell to 45.1 million Swiss francs ($49.2 million), versus CHF146.3 million, in the year-ago period. Its revenue dropped 21% to CHF417.5 million and expenses declined 3.6% to CHF350.3 million.
Actelion's product sales dropped to CHF415.8 million from CHF450.1 million.
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