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news.Perrigo Company, a manufacturer of over the counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products and active pharmaceutical ingredients (API), has reported net sales of $691.56m for the third quarter ended 26 March 2011, an increase of 24%, compared to $537.63m for the same period in 2010.
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The company has posted a net income of $89.09m for the third quarter 2011, or $0.95 per diluted share, compared to net income of $62.18m, or $0.67 per diluted share, for the comparable period in 2010.
Perrigo‘s operating income was $122.91m, compared to $89.15m for the comparable period in 2010.
For the nine months ended 26 March 2011, the company has posted net sales of $2.05bn, as compared to $1.65bn for the same period last year.
Net income was $253.63m, or $2.72 per diluted share, compared to $174.86m, or $1.88 per diluted share, for the year ago period.
Perrigo has posted operating income of $366.92m for the nine moths ended 26 March 2011, as compared to $259.31m for the same period prior year.
Perrigo chairman and CEO Joseph Papa said the main contributors to this performance were $44m of new product sales, continued operational execution in their Rx and API segments and another solid quarter in Nutritionals.
"In Consumer Healthcare, revenue grew 13% in the quarter as we continue to see very strong demand for our products," Papa said.