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Net profit increased by more than 50%
Strategic and operational key projects well on track
Galenica Group: Challenges mastered, consolidated earnings for 2008 expected to grow by approximately 40%
During the first half year the Galenica Group continued to push its strategic and operative key projects consistently. All the projects are under way as planned but are also tying up a large amount of resources. Despite this fact, the Galenica Group was able to compile a very positive result. With net sales of CHF 1,338.7 million the Group managed to increase them by 8.3% compared to the same period of 2007. Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew by 139.4% to CHF 232.0 million while earnings before interest and taxes (EBIT) rose by 57.7% to CHF 124.1 million. Finally, the group profit soared by 52.1% to CHF 105.1 million. In the first half-year 2008, the investments in tangible assets - such as the construction of the new distribution centre in Niederbipp and the expansion of production capacity in St. Gallen - and intangible assets summed up to CHF 30.9 million.(Reed more from the attached file)
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