Lundbeck Q1 Net Profit Rises 72%

H. Lundbeck A/S

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.