Profits were well over the HUF 10.6 bln estimate of analysts polled by Portfolio.hu.

Earnings per share came to HUF 122.

Richterʼs consolidated revenue rose 11% to HUF 96.3 bln, while direct cost of sales was practically unchanged at HUF 34.9 bln.

Sales and marketing expenses fell about 1% to HUF 25.3 bln and R&D costs slipped almost 6% to HUF 10.1 bln.

Higher revenue and lower costs lifted Richterʼs bottom line for the first half as well, the IFRS report shows.

Revenue in H1 climbed 5% to HUF 184.0 bln, while direct cost of sales fell more than 1% to HUF 67.1 bln.

Sales and marketing expenses declined 3% to HUF 51.0 bln and R&D spending was down nearly 6% at HUF 21.0 bln.

Net income rose 62% to HUF 37.5 bln.

CAPEX came to HUF 8.4 bln in H1, a little less than half of that in the base period.

In a breakdown of sales by region, Richter said domestic turnover rose almost 6% to HUF 19.5 bln and sales in other EU countries were up 4% at HUF 70.4 bln. Sales in the CIS slipped about 1% to HUF 64.8 bln as turnover in Russia rose 6% to HUF 42.5 bln but sales in Ukraine fell 55% to HUF 3.9 bln.

Sales in the United States rose 37% to HUF 8.7 bln and sales in China were up 35% at HUF 9.1 bln. Sales in Latin America increased 24% to HUF 4.4 bln.