Swiss Drug maker Novartis reports second-quarter net profit of $2.7 billion

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BERLIN - Swiss pharmaceutical company Novartis AG says its net profit during the second quarter reached $2.73 billion.

This is the same as for the previous year's quarter.

Novartis says sales fell four per cent to $14.3 billion from $14.92 billion in the second quarter of 2011.

The Basel-based company said in its earnings release Thursday that it is on track to match its 2011 sales performance this year.

Organizations: Novartis AG

Geographic location: BERLIN

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