Economy
Pfizer net profit rose 2.5 times
Pharmaceutical company Pfizer’s 2021 net profit rose 2.4 times to $21.98 billion.
In addition to net income, Pfizer’s revenue also increased. At the end of the year covered by the corporation’s published financial report, it doubled to reach $81.288 billion, and the company’s revenues from selling vaccines amounted to $13.914 billion.
In 2020, that amount was only $2 billion.
By the end of 2022, the company plans to receive revenue of $98-102 billion, and revenue for the COVID-19 vaccine jointly developed with BioNTech will be $32 billion.
Pfizer was founded in the USA in 1849 and is now one of the world’s leading pharmaceutical companies.
It is headquartered in New York City and the main research center is in Groton, Connecticut.
