Caraco Pharmaceutical Laboratories, Ltd.
Pharmaceutical company reports 27% increase in sales
Published in Pharma Investments, Ventures and Law Weekly, July 17th, 2005
The audited results for the Transition Period are compared with the unaudited results of corresponding period January 1, 2004 - March 31, 2004. A Form 10-K/T will be filed with the SEC for the Transition Period.
Net sales for the Transition Period rose 27% to a record $17.3 million from $13.6 million for the corresponding period of 2004. Gross profit for the Transition Period increased to $9.5 million, from $8.2 million for the corresponding period of 2004, up 16%.
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