Cambrex reports fall in profits

Cambrex (East Rutherford, NJ) reported a 39% fall in net profits for the third quarter, ended 30 September 2012, compared with the year-ago period, to $1.68 million. Net sales increased 2.7%, to $59.4 million, primarily because of higher custom development revenues and higher volumes of generic active pharmaceutical ingredients (APIs) partially offset by lower pricing, Cambrex says. “We had a strong quarter as sales increased across virtually all of our product categories, with record quarterly cash flow, and excellent working capital results,” says...

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