Lilly’s Animal Worldwide Revenue Up 12%

Eli Lilly and Co. reported a 12 percent increase in revenue from one year ago.

Eli Lilly and Co.’s Animal Division reported worldwide revenue of $264.1 million in the first quarter ended March 31, an increase of 12 percent over the year-ago period.

U.S. revenue grew by 43 percent, to $153.6 million, primarily due to sales from the Posilac acquisition completed in October.

Revenue outside the U.S. fell by 13 percent, to $110.5 million, primarily because of unfavorable exchange rates, according to the Indianapolis company.

Overall, Lilly reported first-quarter net income of $1.3 billion on revenue of $5 billion, compared to $1.1 billion and $4.8 billion, respectively, in the year-ago period.

<HOME>

Leave a Comment

Comments

Your email address will not be published. Required fields are marked *