Swiss Roche sees negative net financial income in '03

12 November 2002 18:37  [Source: ICIS news]

LONDON (CNI)--Swiss pharmaceuticals group Roche said Tuesday it is likely to report negative net financial income in 2003 but will try to break even at this level in 2004.

The prediction was made by chief financial officer Erich Hunziker at a presentation to investors today.

In 2001, Roche had a net financial income of SF1.5bn ($1.04bn/Euro1.03bn).

For 2002, Roche has said net financial income is likely to hold steady at the level posted in H1, which was SF520m or SF612m excluding one-off items.

By: Russell Ong
+44 208 652 3214

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