Novartis reports 5% decrease in quarterly net income

Novartis reported a net income of $2.55 billion for the second quarter, down 5% from $2.68 billion in the second quarter of 2012, according to a company news release.Net sales increased 1% to $14.49 billion from $14.3 billion, while operating income fell 4% to $2.97 billion from $3.11 billion.

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