Finland's Orion reports falling fourth-quarter profit, shares drop

February 2, 2016 10:18 AM

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HELSINKI Feb 2 Finnish drug maker Orion on Tuesday reported a 8 percent drop in its fourth-quarter operating profit due to increased competition from generic drug makers.

Operating profit fell to 51 million euros ($56 million) from 55 million euros a year ago, slightly missing the analysts' average forecast of about 52 million euros in Reuters poll.

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