Sanofi Q2 Net Profit Surges 16%

Sanofi SA SNY posted a rise in its second-quarter net profit. Sanofi's net profit attributable to shareholders climbed 16% to 1.17 billion euros (US$1.4 billion), versus EUR1.01 billion, in the year-ago period. Its business net income fell 9.6% to EUR1.94 billion. Analysts were expecting a business net profit of EUR1.88 billion. Its net sales gained 6.2% to EUR8.87 billion. Sanofi shares closed at $37.85 yesterday.