Takeda FQ1 Net Profit Up 16%

Takeda Pharmaceutical Co

reported a 16% rise in its net profit for the fiscal first quarter. Takeda's quarterly net profit rose to 87.6 billion yen ($1.12 billion), from a year-ago profit of Y75.6 billion. Its operating profit declined to Y62.6 billion from Y116.2 billion. Takeda's revenue climbed 12% to Y398.3 billion, versus Y357.2 billion. Takeda shares closed at $22.85 yesterday.