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People & Business :: Earnings/Finance

Cambrex Reports Huge Rise in Profits

3:59 AM MDT | August 2, 2012 | Deepti Ramesh

Cambrex (East Rutherford, NJ) reported a more than doubling in net profits for the second quarter ended June 30, 2012, compared with the year-ago quarter, to $9.92 million. Net sales for the quarter increased 14%, to $76.3 million, primarily due to higher sales volumes of controlled substances and generic active pharmaceutical ingredients (APIs), Cambrex says. The second quarter performance saw “strong sales and profit growth across most of our product categories,” says Steven M. Klosk, president and CEO of Cambrex. “The first half of the year...

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