Pharmaceutical giant AstraZeneca’s profit grew: it became clear what caused this jump

Pharmaceutical giant AstraZeneca's profit grew: it became clear what caused this jump

The company’s financial report states that net profit for the three months to the end of June increased by more than 2 percent compared to the same period last year, to 2.5 billion US dollars. Total revenue grew by 6 percent to 15.4 billion US dollars, driven by continued strong demand for cancer and rare disease drugs.

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With second-quarter profit exceeding analysts’ expectations, AstraZeneca reaffirmed its full-year operating forecast. Company CEO Pascal Soriot said the company was “on the right track” to achieve its goal of 80 billion US dollars in turnover by 2030.

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