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Cambrex Swings to Profit
10:42 PM MST | February 10, 2011 | Deepti Ramesh
Cambrex reported net profits of $4.6 million for the fourth quarter ended December 31, 2010, compared with a net loss of $2.8 million in the year-ago period. Fourth-quarter net sales increased 9%, to $63.18 million. For the full year 2010, net profits decreased 7%, to $9.6 million. Net sales decreased 4%, to about $225 million. The rise in sales in the fourth quarter is primarily due to the timing of orders for certain products; increases in sales of an active pharmaceutical ingredient (API) to a customer who resolved their supply chain disruption which had...
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