Actelion Q1 Net Profit Down 69%

Actelion Ltd

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.