Draxis Health posts second-quarter dip

AuntMinnie.com staff writers
Aug 9, 2007

Canadian firm Draxis Health of Mississauga, Ontario, reported declines in consolidated revenues and earnings in the company's financial results for the second quarter and first six months of 2007 (end-June 30).

Revenues for the second quarter were $19.4 million, a decline of 20% compared to $24.3 million for the same period of 2006. For the six months, revenues were $40.4 million, down 7% compared to $43.3 million in 2006.

Net income for the second quarter was $1.6 million, compared to $3.6 million in second quarter of 2006; net income for the first six months of 2007 was $3.6 million, compared to $5.3 million in 2006.

By AuntMinnie.com staff writers
August 10, 2007

Related Reading

Draxis posts Q2 earnings estimate, July 20, 2007

Draxis hires DeChambre for business development, May 29, 2007

Draxis to join Nasdaq Biotechnology Index, May 16, 2007

Draxis grows Q1 revenues, net income, May 10, 2007

Draxis shows Q4, year-end strength, February 8, 2007

Copyright © 2007 AuntMinnie.com

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