Exhibition Stands News
Johnson and Johnson ''looking to long-term growth''
15 Apr 2009
Pharmaceutical firm Johnson and Johnson has released figures showing what it claims are strong financial results in spite of the economic downturn.
The company asserted it was pleased with its achievements, with chairman and chief executive William C Weldon outlining his hope for the future.
"We are continuing to make strategic investments in order to bring important new products to market, positioning us well for long-term growth," he commented.
The business'' first quarter results showed a year-on-year sales decrease of 7.2 per cent, totalling $15 billion (£10 billion).
It also announced net earnings were down 2.5 per cent on the first three months of 2008 at $ 3.5 billion.
The total value of products sold internationally and domestically fell by 9.6 per cent and five per cent respectively.
However, the news came on the same day that 24-7StockAlert named Johnson and Johnson as "hot in the market", tipping its stock as a possible sound investment.
