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Sigma-Aldrich Posts 13-Percent Increase in Q2 Sales Amid Rise in R&D and Profit

NEW YORK (GenomeWeb News) — Sigma-Aldrich yesterday said second-quarter revenue increased 13 percent as R&D spending rose 8 percent and profit climbed 13 percent.
 
Total receipts for the three months ended June 30 increased to $508 million from $449 million year over year.
 
R&D spending increased to $14.5 million from $13.4 million year over year.
 
The company said profit increased to $79.7 million from $70.3 million in the year-ago period. 
 
Sigma-Aldrich said it had around $190.1 million in cash and equivalents as of June 30.
 
Looking forward, Sigma-Aldrich said it expects sales to grow around 7 percent this year.

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