COPENHAGEN, March 4 (Reuters) - Danish drugmaker Lundbeck (LUN.CO) posted on Thursday a smaller rise in operating profits than expected and forecast higher profits this year than in 2009.
Operating profit rose to 408 million Danish crowns ($74.9 million) from a 212 million a year earlier, against a mean forecast in a Reuters poll of 11 analysts of 553 million. [ID:nLDE6201DV]
The company guided for a 2010 operating profit of 3.0-3.4 million crowns, up from 2.86 billion in the full-year 2009.
The firm proposed a 2009 dividend of 3.07 crowns per share, up from a year-earlier 2.30 crowns and above a forecast 3.01 crowns.