Thursday, March 8, 2018

Merck KgaA FY17 Net Profit Climbs, EBITDA Down; Warns On FY18; Stock Dips

Shares of Merck KGaA (MKGAY.PK) were losing around 5 percent in the morning trading in Germany after the drug major reported Thursday that its fiscal 2017 EBITDA, a key earnings metric, and margin declined, despite higher sales. Net profit, however, climbed with positive U.S. tax reform impact. Further, the company warned about fiscal 2018.

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