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Par reports higher net income

November
21

Par Pharmaceutical Co. Inc., which has research and manufacturing operations in Chestnut Ridge, yesterday reported net income of $37.4 million, or $1.07 per share, during the first six months of 2007, compared to net income of $6.6 million, or 19 cents per share, a year earlier, after adjusting for special items. Revenues of $401.9 million rose from $367.6 million a year earlier. Par said that it included the results in a filing with the the U.S. Securities and Exchange Commission that had been delayed due to restating its consolidated financial statements.

This entry was posted on Wednesday, November 21st, 2007 at 6:27 pm by Jay Loomis.
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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