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Optical heavyweights post positive interim results

A raft of global industry players have published better than expected first half results this week, led by Alcon which saw its share price leap 14 per cent on the back of a 43 per cent increase in second quarter profits to $466m (£253m).

alconA raft of global industry players have published better than expected first half results this week, led by Alcon which saw its share price leap 14 per cent on the back of a 43 per cent increase in second quarter profits to $466m (£253m).

Global turnover increased 11.8 per cent to $1.3bn while consumer eye care sales increased 24 per cent to $184m. Contact lens disinfectant sales grew 38 per cent, primarily due to the worldwide withdrawal of Bausch & Lomb’s ReNu with MoistureLoc. In the US, Alcon said its share of this market had increased from 24 to 33 per cent.

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