Second quarter net profits at pharmaceutical giant Pfizer rose 31% from a year earlier to $1.89bn.
Pfizer makes the impotency drug Viagra at its plant in Ringaskiddy, Co Cork.
The earnings, amounting to 30 cents a share, were slightly above analysts' estimates of 29 cents. Revenues for the April-June period rose 10% to $7.686bn.
The company said it expected to meet its earnings forecasts for 2001 despite the impact of the strong dollar, which is expected to cost the firm $900m.
The company attributed the better than expected results in the second quarter largely to the new product launches, which offset the negative effects from adverse currency factors.
