IBA increases sales and profit in 2006

AuntMinnie.com staff writers
Mar 14, 2007

Buoyed by a 44% hike in European sales for its radioisotopes, nuclear medicine products firm Ion Beam Applications (IBA) posted sales growth and greater profits in 2006.

The Louvain-la-Neuve, Belgium, firm grew sales by 25% to $221.4 million (U.S.) in 2006, compared with $176.9 million in 2005. Net income climbed to $39 million in 2006, compared with $3.9 million the previous year.

Sales within IBA's radioisotope manufacturing and distribution business rose 44% to $85.9 million in 2006. The company's technology and equipment segment posted sales of $135.5 million last year, a gain of 15% over 2005 numbers.

By AuntMinnie.com staff writers
March 15, 2007

Related Reading

IBA to install cyclotron in India, February 26, 2007

IBA expands production capacity, January 19, 2007

IBA nets U.S. proton therapy order, January 8, 2007

Trial date set for IBA, Optivus dispute, December 21, 2006

IBA starts shipments from new Italian facility, December 11, 2006

Copyright © 2007 AuntMinnie.com

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