Eli Lilly's profit jumps 35%

Industries Reuters

A logo sign outside of a facility occupied by Eli Lilly and Company in San Diego, California on January 30, 2016. Photo by Kristoffer Tripplaar *** Please Use Credit from Credit Field ***

Eli Lilly reported a 35 percent rise in quarterly profit as the U.S. drugmaker benefited from higher sales of its diabetes treatment Trulicity as well as its psoriasis drug Taltz.

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Net income rose to $1.01 billion, or 95 cents per share, in the second quarter ended June 30, from $747.7 million, or 71 cents per share, a year earlier.

Revenue rose to $5.82 billion from $5.40 billion.

(Reporting by Ankur Banerjee in Bengaluru; Editing by Martina D'Couto)