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4Q Financial Report: Kendle

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Kendle

4Q Revenues: $66.5 million (+12%)

4Q Earnings: $3.7 million (+77%)

FY Revenues: $250.6 million (+16%)

FY Earnings: $10.7 million (+199%)

Comments: New business reached company high of $328 million, up 31%. Net service revenues for the quarter were $52.8 million, up 10% over net service revenues of $48 million in 4Q2004. Income from operations for the quarter was $5.2 million, or 9.8% of net service revenues. Income from operations for the year was $17.2 million, or 8.5% of net service revenues compared to $6.7 million, or 3.9% of net service revenues FY2004.

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