Good news for John McCann's company - AstraZeneca

by **Tony Bennett** 27.01.11 12:06

Anglo-Swedish drugs giant AstraZeneca on Thursday announced a seven percent rise in net profits for 2010 to more than $8 billion (£5 billion), helped by higher sales of its cholesterol treatment
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AstraZeneca said group earnings after tax grew to $8.053 billion from $7.521

AstraZeneca said in a statement that group earnings after tax grew to $8.053 billion from $7.521 billion in 2009.

"Our performance in 2010 underlines the strength and resilience of AstraZeneca's business," group chief executive David Brennan said in a statement.

"Despite government pricing pressures and anticipated patent expiries in the US and Western Europe, our revenues remained in line with the previous year driven by excellent performance of our key brands and continued growth in Emerging Markets.

"This performance, combined with disciplined management of the business enabled us to deliver increased earnings, increase the dividend and return residual cash to shareholders through share repurchases," he added.
AstraZeneca returned $2.1 billion to shareholders in 2010 after buying back shares and said it planned to hand over $4.0 billion this year.

The company added that total group revenue increased 1.4 percent to $33.269 billion in 2010.
"Declines in the US from generic competition and the absence of H1N1 (flu) vaccine revenue was offset by good growth in the rest of world. Revenue in the US was down 7 percent, whilst revenue in the rest of world increased by 7 percent."

It added that sales in emerging markets exceeded $5.0 billion for the first time.

AstraZeneca added that net profit increased 4.4 percent to $1.621 billion in the fourth quarter, compared with earnings of $1.553 billion a year earlier.

The company employs 11,000 staff in the UK and has sites at Macclesfield and Wilmslow in Cheshire, Luton, Loughborough, Edinburgh and Brixham in Devon.

by **PeterMac** 28.01.11 17:27

Do we know that they took him back after his years of absence ?
Was it in fact granted as a 'sabbatical', or as unpaid leave.

by Guest 30.01.11 0:49

Was John Mccann at the company in 2003 and 2005?

by **Jill Havern** 11.07.16 11:44

Just bumping this thread as part of Theresa May's Leadership Speech was the mention of this company.

John McCann worked for AstraZeneca, of course, and once said that he was 'calling in favours'.

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by MayMuse 11.07.16 13:24

Why did she mention this "drug" company?
I missed the speech do we have a link please?

by **Jill Havern** 11.07.16 13:26

MayMuse wrote:Why did she mention this "drug" company?
I missed the speech do we have a link please?

You can find it on Sky News or BBC...I'm sure it will be replayed during the day many times.

That part of her speech pricked my ears.

by MayMuse 11.07.16 13:30

Get'emGonçalo wrote:
MayMuse wrote:Why did she mention this "drug" company?
I missed the speech do we have a link please?

You can find it on Sky News or BBC...I'm sure it will be replayed during the day many times.

That part of her speech pricked my ears.

Thank you, wondering what is so special about it to worth a mention?
Will have a "Google"
smilie