Mylan Reports Record Revenues and Earnings For The Fourth Quarter and Fiscal 2002.
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Mylan Reports Record Revenues and Earnings For The Fourth Quarter and Fiscal 2002.
Business Editors
PITTSBURGH--(BUSINESS WIRE)--May 8, 2002 Mylan Laboratories Inc.(NYSE: MYL) - Financial Highlights: - Net revenues increased 30% to exceed $1.1 billion for the fiscal year and 14% to $282.6 million for the quarter. - Gross profit increased 63% to $623.9 million for the fiscal year and 43% to $160.9 million for the quarter. - Net earnings increased 98% (excluding the impact of the FTC settlement) to $260.3 million for the fiscal year and 60% to $67.3 million for the quarter. - Diluted earnings per share increased 96% (excluding the impact of the FTC settlement) to $2.04 for the fiscal year and 61% to $.53 for the quarter. Mylan Laboratories Inc. (NYSE: MYL...Try vLex for FREE for 3 days
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