Chugai ups profit outlook on lower costs
This article was originally published in Scrip
Executive Summary
Reductions in expected cost of sales and R&D spending are the main reasons behind an upward revision ofChugai's profit outlook for this year. The 59.9% Roche-owned company now expects net profit for calendar 2008 to come in at ¥33.0 billion ($307.0 million), ¥4.0 billion ahead of its earlier guidance.