Finance

Techne reports in unaudited results consolidated Q1 2007 net earnings up 15.5% over year ago

Published in Blood Weekly, November 30th, 2006

Techne Corporation's (TECH) consolidated net earnings for the quarter ended September 30, 2006 increased 15.5% to $19.6 million and its earnings per diluted share increased 16.3% to 50 cents compared with $17 million and 43 cents per diluted share for the quarter ended September 30, 2005.

The improvement in results was mainly due to increased consolidated net sales and improved gross margin percentages.

Consolidated net sales for the quarter ended September 30, 2006 were $52.4 million, an increase of 9.7% from the quarter ended September 30, 2005. Biotechnology net sales for the quarter ended September 30, 2006 were $35.9 million, an increase of...

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Source: Blood Weekly (2006-11-30)

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