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Richter posts net profit of Ft 14.83 billion in Q1

Hungarian drugmaker Richter Gedeon Rt posted consolidated net profit of Ft 14.83 billion (€56.9 million) in January-March 2006, 72.3% more than a year earlier, according to its preliminary flash report, prepared with International Financial Reporting Standards (IFRS) and published on Friday.

Unconsolidated after-tax profit rose 67.3% to Ft 14.03 billion. Consolidated revenue rose 39.8% to Ft 52.82 billion in January-March 2006, and unconsolidated revenue was up 40.9% at Ft 43.7 billion. Consolidated revenue from exports increased 41.4% to $187.4 million last year. In forint terms, exports rose 59.9% to Ft 39.6 billion.