Draxis Health posts second-quarter dip

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

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