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Japan's Takeda Pharmaceutical sees 16 pct profit rise on strong drug sales
May 10, 2017 / 8:10 AM / 4 months ago

Japan's Takeda Pharmaceutical sees 16 pct profit rise on strong drug sales

TOKYO, May 10 (Reuters) - Japan’s Takeda Pharmaceutical Co Ltd on Wednesday forecast operating profit to grow 16 percent in the current fiscal year on strong sales of drugs like cancer treatment Ninlaro and bowel disease drug Entyvio.

The company’s outlook for an operating profit of 180 billion yen ($1.58 billion) in the year to March 31, 2018, was below an average forecast of 197.7 billion yen from 15 analysts surveyed by Thomson Reuters.

Takeda reported a 19 percent rise in operating profit for the year just ended to 155.87 billion yen. ($1 = 114.0400 yen) (Reporting by Sam Nussey; Editing by Randy Fabi)

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