Novartis posts 17% profit rise on a 12% increase in revenue

Article Abstract:

Pharmaceutical company Novartis AG reports 2nd quarter earnings and raises its forecast for full year earnings. Chief executive officer Dan Vasella doesn't rule out acquisition plans for the company but cites financial results as evidence that Novartis does need rely on purchases in order to grow .

Acquisitions & mergers, Market share, Management dynamics, Pharmaceutical preparations, Securities issued, listed, Management, Pharmaceutical industry, Mergers, acquisitions and divestments, Company acquisition/merger, Novartis AG, Securities, Company sales and earnings, Company earnings/profit, Company business management, Company securities, Company market share, Company business forecast/projection, Company forecasts, NVTSY, Vasella, Dan

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UBS is likely to post dismal results

Article Abstract:

UBS AG expects to post a 16% to 28% drop in its net profits for the 2001 first-quarter. The investment bank is forecasting between 1.6 billion and 1.85 billion Swiss francs in net profits for the period.

Commercial Banks, Commercial Banking, UBS AG

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Julius Baer expects net to be sliced in half

Article Abstract:

Julius Baer Holding AG is forecasting a more than 50% decline it its net profit for the 2001 year. However, the company is predicting a rebound in growth for 2002 as a result of its cost saving efforts.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banks (Finance), Profit, Profits, Private banking, Julius Baer Holding AG

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