SOURCE: Industrial Info Resources

April 16, 2009 06:00 ET

One-Time Gain Helps to Boost Abbott's Profit 53% by Offsetting Lower Sales, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 16, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas)--Abbott Laboratories (NYSE:ABT) (Abbott Park, Illinois) has announced that it posted a first-quarter 2009 profit of $1.44 billion, up 53.4% compared with $938 million year over year. The increase is attributed to a one-time gain of $505 million after taxes related to a partnership with Japan's Takeda Pharmaceutical Company (TYO:4502) (Osaka). Industrial Info is tracking 12 active Abbott projects in the U.S. worth $172 million combined. The projects range from $1 million maintenance shutdowns to a $150 million grassroot research center.

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