| Strong Start for Axcan Pharma's Fiscal 2007, With Record Revenue ...
MONT-SAINT-HILAIRE, QUEBEC--(CCNMatthews - Feb. 8, 2007) - Axcan Pharma Inc. (TSX:AXP)(NASDAQ:AXCA) - today reported financial results for the first quarter of fiscal 2007, ended December 31, 2006 (all amounts are stated in U.S. dollars). Highlights for the quarter include:
- Revenue of $78.8 million, an increase of 11.6% compared to the first quarter of fiscal 2006
- Diluted income per share for the first quarter of 2007 amounted to $0.34, compared to diluted income per share of $0.19 a year earlier, a 78.9% increase
- Revenue guidance for fiscal 2007 increased to $307- $312 million
"We are pleased to report very strong performance for this first quarter with double-digit revenue and income growth, led by our strong base business and solid prescription growth for all our key products in both North America and Europe," stated Frank Verwiel, M.D., President and Chief Executive Officer of Axcan.
UPDATE: Senate OKs Minimum-wage Hike To $7.25
WASHINGTON (Dow Jones) -- The Senate on Thursday overwhelmingly approved an increase in the nation's minimum wage to $7.25 an hour and a package of tax sweeteners for small businesses. The bill, approved on a 94-3 vote in the late afternoon, would increase the minimum wage from the current $5.15 in three steps over two years, but it also includes tax breaks for small businesses that weren't part of the minimum-wage bill approved last month by the House. The bill would also raise taxes on executive deferred compensation over $1 million a year. The minimum wage hasn't been increased for 10 years. "Passing this wage hike represents a small but necessary step to help lift America's working poor out of the ditches of poverty and onto the road toward economic prosperity," said Sen.
Review: Kabhi Alvida Na Kehna
Too long. Too tedious. And strangely plastic. No, this time, Karan Johar seems to have got the formula somewhat skewed. For unlike his earlier successful celluloid soap operas, the audience doesn't get to shed any real tears even though the protagonists keep crying. In all his earlier ventures, the characters would hardly need the tissues despite the heartbreak, heartache, heartburn. It was the viewer who'd do all the crying, sighing and tear jerking 'coz Shah Rukh chose to laugh while he died, Hrithik sashayed to bring his broken family together and Kajol played basketball to drive her dilemma - Salman or Shah Rukh - away. Naturally, we the aam janata couldn't bear the agony of these bravehearts and broke down copiously, while the box office jingled. But this time round, the rona-dhona becomes somebody else's business, the jolly good fella bits seem to be in short supply and the aam janata ends up feeling gypped.
|
