Cosmo's 2007 profit beats estimates

10 March 2008

Italy-based Cosmo Pharmaceuticals SpA swung into a 2007 net profit of 100,000 euros ($152,128) from the 300,000 euro loss it recorded in the previous year. The firm said that the improvement had been driven by a 44.5% hike in revenue, which reached 21.9 million euros for the year.

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