IBA shows financial gains in Q2

AuntMinnie.com staff writers

Sep 17, 2006

Belgian nuclear medicine products firm Ion Beam Applications (IBA) posted gains in sales and earnings its mid-year financial report (end-June 30).

Sales at the Louvain-la-Neuve-based firm increased 28% to $104.4 million in the first six months of 2006, compared with $81.9 million in the same period of 2005. Net income rose to $33.1 million, compared with $6.7 million in the year-ago period.

IBA credited the sharp rise in earnings to $28.8 million in non-recurrent items: $15.2 million from the acquisition of Berlin-based Schering's FDG operations; a minority interest in Schering's CIS-Bio radiopharmaceutical business; IBA's sale of Scanditronix Magnet of Vislanda, Sweden; and $13.6 million from deferred tax movements.

By AuntMinnie.com staff writers
September 18, 2006

Related Reading

IBA to deliver cyclotron facility to Turkey, August 29, 2006

IBA launches synthesizer, new corporate look, June 7, 2006

Eastern Isotopes changes identity, April 21, 2006

Schering, IBA ink radiopharma deal, February 23, 2006

IBA begins distribution of I-124 MIBG, November 29, 2005

Copyright © 2006 AuntMinnie.com

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