MDS records Q3 uptick in Life Sciences group

MDS, the Toronto-based parent company of Canadian medical isotope supplier MDS Nordion, reported that its Life Sciences division, which includes MDS Nordion, had fiscal 2003 third-quarter revenues of $279 million, Canadian ($203.3 million, U.S.) up 4% from $269 million, CAD ($195.9 million) for the same period in 2002.

For the quarter (end-July 31), operating income for the Life Sciences segment was $56 million, CAD ($40.8 million), up 8% compared with $52 million, CAD ($37.9 million) in the third quarter of 2002.

The firm added that despite lower revenue growth in both its isotopes and pharmaceutical research services businesses, the operating margin in the segment was 20% in the current quarter, compared with the 19% realized last year. Excluding the Oncology Software Solutions and the high-dose-rate brachytherapy businesses, which were sold in prior periods, Life Sciences revenues grew by 9% during the third quarter, compared to the same period last year, according to the company

By staff writers
September 4, 2003

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Copyright © 2003

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