On 16 April 2013, Actelion announced its financial results for the first three months of 2013. With total net revenues of CHF 433.2 million (3M 2012: CHF 417.5 m) and operating expenses of CHF 309.2 million (3M 2012: CHF 350.3 m), the company reported a first three months 2013 operating profit of CHF 124.0 million (3M 2012: CHF 67.1 m).
For the same period, Actelion reported a core earnings of CHF 168.5 million, an increase of 43 percent compared to first three months of 2012. Core earnings are defined as product sales minus Non-GAAP operating expenses. In local currencies, Core Earnings increased by 44 percent. Adjusted (non-US GAAP) diluted earnings per share for the first three months of 2013 were CHF 1.26 compared to CHF 0.80 during the same period last year.
On a US GAAP basis, net income for the first three months 2013 was CHF 97.9 million (3M 2012: CHF 45.1 m). Fully diluted earnings per share on a US GAAP basis for the same period were CHF 0.85, compared to CHF 0.38 for the first three months of 2012.