Breaking News, Financial News

Financial Reports: West 2Q11

Currency rates bolster revenue gains

By: Gil Roth

President, Pharma & Biopharma Outsourcing Association

West Pharmaceutical Services 2Q 2Q Revenues: $308 million (+9%) 2Q Earnings: $20 million (-7%) YTD Revenues: $603 million (+8%) YTD Earnings: $40 million (-5%) Comments: Most of the 2Q revenue gains were due to fluctuation in currency exchange rates. At constant rates, revenues grew 3% in 2Q. Pharmaceutical Packaging Systems sales grew 11% to $222 million in 2Q. Pharmaceutical Delivery systems sales grew 5% in 2Q to $86 million....

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters