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Lundbeck Q1 Net Profit Rises 72%


H. Lundbeck A/S (OTC: HLUYY) posted an increase in its first-quarter net profit.

Lundbeck's quarterly net profit jumped 72% to DKK1.07 billion, from DKK620 million, in the year-ago period.

Its revenue climbed to DKK4.58 billion from DKK3.78 billion. However, analysts were expecting a profit of DKK662 million on revenue of DKK4.01 billion.

Its EBIT surged to DKK1.53 billion from DKK882 million.

Lundbeck shares closed at $20.01 yesterday.


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