Patheon Inc. (PTI.TO) reported income from continuing operations of $0.1 million in its second-quarter, compared to a loss from of $79.6 million in the same period last year. The company said, improved operating performance in the current quarter and an impairment charge of $57.9 million in the same period last year contributed primarily to the year over year favorability. Income per share from continuing operations was $0.001, compared to a loss of $0.614 last year.
Revenues in the quarter increased to $253.9 million from $181.5 million in the same period last year, an increase of 39.9 percent. Banner represented $54.6 million of the increase and therefore, Patheon standalone revenues grew 9.9 percent compared to the same period last year.
Looking forward into 2013, the company said it anticipates 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.