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Novartis numbers better than expected

This content was published on Aug 16, 2001 Analysts had been expecting a slightly lower profit from the Basel-based company over the first-half of 2001. First-half operating profits rose by seven per cent to SFr3.48 billion, but its operating margin slipped, as expected, to 22.5 per cent of sales from 23.5 per cent in the same period last year as it boosted spending…