AstraZeneca posts profits increase

Posted by Anthony Robinson

Drugs giant AstraZeneca reported a 17 per cent rise in pre-tax profits to £2.3bn in the first quarter of 2010 as it increased full-year earnings targets.

The Anglo-Swedish group saw a strong performance from key drugs such as cholesterol-busting treatment Crestor.

But it warned that second half revenue comparatives would be tough after the swine flu boost last year.

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