UPDATE 1-Egis Q3 net profit rises 14.9 pct, below consensus
By : * Operating profit above consensus, financial loss rises
Date posted :2009-08-05 10:42:00
* Dollar-term exports down 8 percent
(Updates with detail)
BUDAPEST, Aug 5 (Reuters) - Hungarian drug producer Egis EGIS.BU posted a 14.9 percent rise in third quarter net profit on Wednesday but sharply rising financial losses from currency movements kept earnings below expectations.
Egis said quarterly net profit rose to 2.46 billion forints from 2.14 billion in the same period a year earlier and versus analysts' expectations of 2.8 billion forints. [IDn:L324980]
Exports, the driving force behind the firm, fell by 8 percent in dollar terms on sluggish sales to most key markets. But they rose 20 percent when calculated in the weakening forint currency.
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