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WuXi PharmaTech Announces Second Quarter 2007 Results


Three Months Ended Six Months Ended

June 30, June 30,

2007 2006 2007 2006

Net revenues:

Laboratory services 25,118 12,429 46,794 21,294

Research manufacturing 5,124 2,743 17,267 6,650

Total net revenues 30,242 15,172 64,061 27,944

Cost of revenues (14,968) (8,166) (33,116) (15,505)

Gross profit 15,274 7,006 30,945 12,439

Operating expenses (7,770) (5,488) (17,598) (9,427)

Operating income 7,504 1,518 13,347 3,012

Other income (expenses), net (105) (276) 106 (655)

Income before income taxes 7,399 1,242 13,453 2,357

Income taxes (251) (14) (329) (302)

Net income 7,148 1,228 13,124 2,055

Income (loss) attributable to

holders of ADS (Note 2):

Basic 3,244 (42,110) 2,656 (41,283)

Diluted 3,244 (42,110) 2,656 (41,283)

Basic earnings (loss) per

ADS (Note 2) 0.14 (1.35) 0.11 (1.33)

Diluted earnings (loss) per

ADS (Note 2) 0.11 (1.35) 0.09 (1.33)

Weighted average ADS

outstanding - basic

(Note 2) 22,487,681 31,132,500 23,873,225 31,132,500

Weighted average ADS

outstanding - diluted

(Note 2) 29,324,338 31,132,500 30,452,998 31,132,500

Note 2: One (1) ADS is equal to eight (8) ordinary shares


SOURCE WuXi PharmaTech (Cayman) Inc.
Copyright©2007 PR Newswire.
All rights reserved

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