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Article: Novo Nordisk reports nine months and third-quarter 1990 results. (Novo-Nordisk A-S)
- Article from:
- PR Newswire
- Article date:
- November 14, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NOVO NORDISK REPORTS NINE MONTHS AND THIRD QUARTER 1990 RESULTS
BAGSVAERD, Denmark, Nov. 14 /PRNewswire/ -- Novo Nordisk A/S (NYSE: NVO) today issued the following nine months and third quarter results:
Consolidated sales for the first nine months of 1990 were Dkr. 6,011 million, an increase of 9 percent compared with sales in the first nine months of 1989.
Income before tax increased 5 percent to Dkr. 905 million from Dkr. 858 million in 1989. Net income was Dkr. 597 million versus Dkr. 618 million, 3 percent lower than in the first nine months of 1989 due to an increase in the effective tax rate to the level of 32-34 percent as a result ...