ZURICH May 16 Sonova's full-year profit after taxes rose 3 percent as increased costs for sales, marketing and other activities linked to the Swiss hearing aid maker's purchase of the AudioNova retail chain weighed on earnings growth.
Income after taxes for the 2016/17 year rose to 356.2 million Swiss francs ($358 million), the company said on Tuesday, up from 345.8 million francs in the previous year. Sales rose 15.3 percent to 2.4 billion francs, it said.
For the current year, Sonova expects consolidated sales to grow by 10 percent to 12 percent and normalised earnings before interest and taxes to rise by 10 percent to 14 percent, both measured in local currencies. ($1 = 0.9951 Swiss francs) (Reporting by John Miller; Editing by Michael Shields)
UPDATE 1-Chinese-owned Syngenta eyes Bayer assets to bolster seeds
BASEL, June 27 Switzerland's Syngenta, the crop protection company acquired by ChemChina, has vowed to bulk up its seeds business and join the chase for assets rival Bayer must sell to gain regulatory approval for its takeover of Monsanto.
Deals of the day-Mergers and acquisitions
June 27 The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday: