Patheon Inc. (PTI.TO) reported that its first-quarter net loss attributable to restricted voting shareholders widened to $51.4 million or $0.384 per share from $19.4 million or $0.150 per share last year. Loss from continuing operations was $51.4 million compared to a loss of $19.3 million last year. The company said the loss widened due to costs associated with the Banner acquisition and related refinancing, offset by favorable operating results.
Revenues increased to $213.5 million from $153.9 million prior year, an increase of 38.7 percent. Banner represented $23.3 million of the increase and therefore, Patheon standalone revenues grew 23.6 percent compared to the same period last year.
The company expects 2013 revenues for the combined enterprise to be in excess of $1 billion annually.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.