Merck Result 27/10/2015

By Dhruv Dayal Gupta
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Merck reported Q3 2015 net profit of $1.8 billion, compared to $895 million, up over 100% YoY. Turnover was reported at $10 billion, compared to $10.5 billion, down 4.5% YoY. For the nine month period, net profit declined by a quarter YoY, to $3.47 billion, while turnover declined about 8% to $29.3 billion. Merck highlighted that new UB-FFS technology, which improves power efficiency performance on smartphones, helped its display business.