Wednesday, 25 July 2007

UPDATE 1-Mylan posts higher profit on Matrix acquisition

(Reuters) - The number of outstanding shares rose 17 percent, diluting
the quarter's per-share earnings, which were 32 cents versus 35
cents per share a year earlier.




Mylan said that excluding amortization of 5 cents per share
and a 15-cent-per-share non-cash loss on a foreign currency
contract related to its pending acquisition of Merck KGaA's
generics business, it earned 52 cents per share.


Read more at Reuters.com Market News

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