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Exchange rate fluctuation affected most results for the quarter. Commercial manufacturing revenues were down 11% to $135.2 million, but gross profit rose by $2.0 million from 2Q08.
June 12, 2009
By: Tim Wright
Editor-in-Chief, Contract Pharma
Patheon 2Q 2Q Revenues: $167.4 million (-10%) 2Q Earnings: $0.5 million (loss of $8.0 million in 2Q08) YTD Revenues: $314.6 million (-10%) YTD Loss: $5.3 million (loss of $22.6 million YTD08) Comments: Exchange rate fluctuation affected most results for the quarter. Commercial manufacturing revenues were down 11% to $135.2 million, but gross profit rose by $2.0 million from 2Q08. North American commercial revenues were $67.0 million (-7%), primarily due to reduced customer demand ...
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