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Financial Report: Patheon

Revenues up 18% in the quarter

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Patheon

3Q Revenues: $203.7 million (+18%)

3Q Earnings: $15.5 million (earnings were $0.4 million in 3Q11)

YTD Revenues: $539.1 million (+4%)

YTD Loss: $83.5 million (loss of $6.5 million YTD11)

Comments: Commercial manufacturing revenues in the quarter were up 21% to $168.3 million. Pharmaceutical Development Services’ revenues were up 4% to $35.4 million. Growth in the quarter was driven by growth in existing business and supported by the company’s restructuring initiatives.

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