Merck net profit drops sharply on impairments, other expenses; acquisitions boost revenue

MOSCOW (MRC) -- Merck KGaA (Darmstadt, Germany) says its net profits in the second quarter of 2020 dropped 38.5% year on year (YOY), to EUR290 million (USD343 million), despite revenue growing 3.7% YOY, to EUR4.12 billion, driven primarily by acquisition-related growth in the performance materials business and organic growth in the life-science business, reported Chemweek. The fall in pr

Full article at mrcplast.com