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Pharmstandard unveils Net Profit of $73 million for 1H 2008

Pharmstandard unveils Net Profit of $73 million for 1H 2008
Russian drugmaker Pharmstandard has reported an 83% jump in Net Profit for 1H 2008 to $73 million under IFRS.

EBITDA came in at $110 million, up 62%, on Revenues of $259 million, up 40%. 

The company highlighted strong sales of major products, plus the addition of 8 new products to their range, as well as a continued focus on effectively managing costs, as key drivers for the results.