Fresenius Medical Care Q1 Profit Rises; Affirms 2016 Outlook - Quick Facts

(RTTNews) - Fresenius Medical Care AG & Co. KGAA (FMS) said its first quarter net income attributable to shareholders of the company rose 9 percent to $228 million from $210 million in the prior-year quarter. Basic earnings per share rose to $0.75 from $0.69 last year.

Operating income or EBIT for the quarter rose 7.1 percent from the prior-year period to $540 million.

Net revenue for the quarter increased 6.2 percent to $4.21 billion from $3.96 billion in the year-ago period, and was up 9 percent at constant currency.

For fiscal 2016, the company affirmed its forecast for revenue to grow 7 to 10 percent at constant currency and net income attributable to shareholders of the company to increase by 15 to 20 percent for the year.