Taro Pharmaceutical Industries Ltd.
Taro Provides Preliminary First Quarter 2009 Financial Results
Published in Drug Law Weekly, June 9th, 2009
Taro Pharmaceutical Industries Ltd. (“Taro,” the “Company,” Pink Sheets: TAROF) today provided information on its financial performance for the first quarter of 2009. First Quarter 2009 Results For the quarter ended March 31, 2009, Taro estimates net sales of approximately $85 million, compared to $78 million for the same quarter in 2008, an increase of 8%. Gross profit for the first quarter of 2009 was approximately $47 million, or 55% of net sales, compared to $41 million, or 52% of net sales, for same quarter in 2008, an increase of 14%. Net income for the first quarter of 2009 was approximately $11 million, compared to $7 million for the first quarter of 2008, an increase of 47%....
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Source: Drug Law Weekly (2009-06-09)
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