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23.04.2009

Veropharm 2008 net profit rises 33 pct

Russian drug maker Veropharm reported on Wednesday a 33 percent growth in 2008 net profit to $36.9 million helped by robust sales.

Sales at Veropharm rose 24 percent to $172.9 million, the same pace as earnings before interest, taxes, depreciation and amortisation (EBITDA), which totalled $52.5 million.

As of the end of 2008, its debt stood at $24.5 million.

Veropharm, which is majority-owned by Pharmacy Chain 36.6 , has reportedly been put up for sale as the indebted drug retailer needs cash to pay debts.


Source:  Reuters

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