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Walgreen profit rises 16 pct on record prescriptions

A Walgreens store is shown in Homestead, Fla.
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A Walgreens store is shown in Homestead, Fla.

U.S. drugstore chain operator Walgreen reported a 16 percent rise in quarterly profit, helped by a record number of prescriptions filled.

Net income attributable to the company rose to $809 million, or 85 cents per share, in the first quarter ended Nov. 30, from $695 million, or 72 cents per share, a year earlier.

Net sales rose 6.7 percent to $19.55 billion.

Walgreen's shares were up 2 percent at $76 in premarket trading on Tuesday.