Brief: Hungary's Richter Q3 net profit more than doubles, exceeds forecast

Richter Gedeon Vegyeszeti Gyar Nyrt

08/11/2022 04:23

Nov 8 (Reuters) - Richter Gedeon Vegyeszeti Gyar Nyrt
 GDRB.BU :
    * Q3 NET PROFIT HUF 82.4 BILLION VERSUS HUF 58.7 BILLION
SEEN IN
SURVEY BY FINANCIAL NEWS WEBSITE PORTFOLIO.HU
    * Q3 OPERATING PROFIT HUF 64.8 BILLION VERSUS HUF 49.2
BILLION IN
PORTFOLIO.HU SURVEY
    * Q3 REVENUE HUF 217.8 BILLION VERSUS HUF 207.3 BILLION IN
PORTFOLIO.HU SURVEY
    * EXCHANGE RATE EFFECTS BOOSTED CONSOLIDATED REVENUE BY
ABOUT HUF
72 BILLION
    * COMBINATION OF SIMULTANEOUS DOLLAR AND ROUBLE STRENGTH
GAVE A
BOOST TO ROBUST UNDERLYING TREND IN REVENUE AND PROFITABILITY
    * RECENTLY SUBMITTED A REQUEST FOR RYEQO TO BE AUTHORISED IN
THE
ENDOMETRIOSIS INDICATION IN THE EUROPEAN UNION
    * DIVESTMENT OF WHOLESALE AND RETAIL BUSINESS IN ROMANIA
PART OF
STREAMLINING AND REFOCUSING OF ITS OPERATIONS

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 (Reporting by Gergely Szakacs)
 ((gergely.szakacs@reuters.com ; https://twitter.com/szakacsg ;
+36 1 882 3606 ;
https://www.reuters.com/journalists/gergely-szakacs))