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news.Mylan has reported net revenues of $1.42bn for the fourth quarter ended 31 December 2010, compared to $1.33bn for the same period in 2009.
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The company has posted a net income of $20.8m for the fourth quarter of 2010, compared to $47.42m for the same period in 2009.
Mylan has earned gross profit of $579.19m, compared to $515.99m for the same period in 2009.
For the full-year ended 31 December 2010, the company posted a net income of $345.54m, compared to $247.74m for the same period in 2009.
Net revenues for the full-year of 2010 were $5.4bn, compared to $5.01bn for the same period in 2009.
The company’s gross profit was $2.21bn, compared to $2.07bn in the same period of 2009.
Mylan chairman and CEO Robert Coury said he is very pleased with the company’s performance in 2010, as they delivered solid revenue growth of eight over the prior year and strong earnings per share growth of 24%.
"Through our focus on integration and rationalization, we have generated consistent quarterly earnings growth, and a compound annual growth rate of 10% in revenues and 42% in EPS since 2008," Coury said.