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.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=145787, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to pharmabiogroup@industrialinfo.com or visit us at www.industrialinfo.com.

Related News Articles

Two Nuclear Projects Help Build Record Backlog for Shaw Group in 2Q09

Mosaic's Third-Quarter Profit Drops 89% on Lower Sales and Volatile Pricing

Plastics Firm A. Schulman Posts Wider Loss of $10.5 Million in Second Quarter

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147