BASEL Jan 30 Swiss drugmaker Roche
expects profit to grow faster than revenue in 2013 as strong
sales of its cancer medicines and improvements in productivity
helped it post an 11 percent rise in full-year earnings.
The Basel-based drugmaker said it hoped sales this year will
grow in line with 2012, where group sales rose 7 percent to 45.5
billion Swiss francs ($49.35 billion). It is also aiming core
earnings per share to grow ahead of sales.
This positive assessment contrasts with cross-town rival
Novartis which guided for a fall in profits in 2013 as
it grapples with competition from cheaper copies of its
Roche posted an 11 percent rise in 2012 core earnings per
share to 13.62 Swiss francs, compared to 12.30 a year ago.
Analysts in a Reuters poll had forecast for 13.60
($1 = 0.9221 Swiss francs)
(Reporting by Caroline Copley)