Consolidated income statement

millions of CHF	Notes	2018	2017
Sales	3	1’604.2	1’428.5
Cost of goods sold		–1’108.0	–981.8
Gross profit		496.2	446.7
Selling and distribution expenses		–180.2	–166.9
General and administrative expenses		–185.0	–174.2
Research and development expenses		–42.6	–39.2
Other operating income and expenses, net	6	2.1	–11.1
Operating income		90.5	55.3
Interest and securities income	7	1.5	1.8
Interest expenses	7	–10.8	–6.4
Other financial income and expenses, net	7	4.4	–0.3
Share of profit and loss of associates		0.7	–0.4
Income before income tax expenses		86.3	50.0
Income tax expenses	8	–20.0	–12.4
Net income		66.3	37.6
attributable to shareholders of Sulzer Ltd		64.3	36.9
attributable to non-controlling interests		2.0	0.7

Earnings per share (in CHF)
Basic earnings per share		2.01	1.08
Diluted earnings per share		2.00	1.08