DRAXIS Health Reports Fourth Quarter and Year E...(2007 2006 ----------- --------...),Health

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REVENUES

$ 20,024 $ 23,106 Product sales $ 76,072 $ 83,545

463 1,290 Royalty and licensing 2,788 5,422

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20,487 24,396 78,860 88,967

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EXPENSES

13,115 12,660 Cost of goods sold, 49,618 47,083

excluding depreciation

and amortization (Note 3)

6,680 5,672 Selling, general and 18,807 19,425

administration

173 392 Research and development 2,446 2,372

1,690 1,383 Depreciation and 5,841 5,135

amortization

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21,658 20,107 76,712 74,015

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(1,171) 4,289 Operating income (loss) 2,148 14,952

265 228 Financing income, net 870 347

(71) 522 Foreign exchange (1,716) 282

(loss) gain

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(977) 5,039 Income (loss) before 1,302 15,581

income taxes

426 (1,352) Income taxes recovery 356 (4,034)

(expense)

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