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Wyeth’s reports 12% increase in revenue
// 28 Jul 2008
Wyeth’s global animal health division has reported a 12% revenue increase
to $313 mln for the second quarter ending 30 June.
The increases were mainly due to higher sales of poultry products and
livestock products, as well as the favourable impact of foreign exchange.
Overall, Wyeth reported net income of $1.12 bln on revenue of $5.95 bln for
its second quarter, compared to net income of $1.2 bln on revenue of $5.65 bln
in the year-ago period.
Year to date, the company reported a revenue increase of 6% to $590
mln.
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