Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients
Pharma/fine chemicals roundup—5 March
9:50 AM MST | March 5, 2013 | Deepti Ramesh
Siegfried reports huge rise in profits Siegfried (Zofingen, Switzerland), a producer of active pharmaceutical ingredients (APIs), intermediates, and finished drugs, reports a more than doubling in net profits for 2012, compared with 2011, to 20.9 million Swiss franc ($22.2 million). Full-year sales increased 12.1% to SF367.8 million. Ebitda increased 24%, to SF45.4 million. Fourth-quarter figures were not disclosed. “Continued progress in implementing strategy has created the conditions for sustained growth of sales and profitability,” says Rudolf...
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