Novartis net profit Q2 2011

Indonesia stock info - Novartis net profit Q2 2011 ; Swiss drug maker Novartis says its net profit in the second quarter rose 12 percent to $2.73 billion.

Novartis says it benefited from the weakness of the U.S. dollar against other major currencies.

The Basel-based company also saw strong sales of newly launched products such as the oral multiple sclerosis medicine Gilenya.

Novartis earned $2.44 billion during the same period last year on sales of $11.72 billion.

The company said Tuesday that sales in the April to June period increased by 19 percent to reach $14.92 billion.


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