Roche 2012 Net Profit Rises 2%

Roche Holding AG

reported a 2% rise in its full-year net profit. Roche's full-year net profit surged to CHF9.54 billion, versus CHF9.34 billion, in the year-ago period. Its annual sales climbed 4% to CHF45.5 billion from CHF42.53 billion. However, analysts were expecting a profit of CHF10.03 billion on sales of CHF45.17 billion. Roche shares closed at $54.98 yesterday.