Pfizer posts nine per cent rise in first-quarter profit

Business & Finance
30 Apr 2019 • 6:58 PM MYT
Malay Mail
Malay Mail

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A man walks past Pfizer's world headquarters in New York April 28, 2014. — Reuters pic

NEW YORK, April 30 — US drugmaker Pfizer Inc reported a nine per cent rise in quarterly profit today, helped by sales of breast cancer drug Ibrance and pneumonia vaccine Prevnar.

The company said net income rose to US$3.88 billion (RM16.03 billion), or 68 cents per share, in the first quarter, from US$3.56 billion, or 59 cents per share, a year earlier.

Revenue rose to US$13.12 billion from US$12.91 billion last year. — Reuters