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Genomma Lab Internacional Announces Fourth Quarter and Full Year 2008 Results
Date:2/17/2009

MEXICO CITY, Feb. 17 /PRNewswire-FirstCall/ -- Genomma Lab Internacional, S.A.B. de C.V. (BMV: LAB) ("Genomma" or "the Company"), announced today its fourth quarter and twelve month results for the periods ended December 31, 2008. All figures included herein are audited(1) and were prepared in accordance with Mexican GAAP; 2008 figures are stated in nominal Mexican pesos and 2007 figures have been restated in constant Mexican pesos as of December 31, 2007. Also, the following consolidated figures show the Company's Spanish operations reclassified as discontinued operations according to Mexican GAAP.

    4Q08 Highlights (vs. 4Q07)
    -- Net Sales reached Ps. 749.2 million, an increase of 33.6%
    -- Gross Profit was Ps. 545.5 million, an increase of 37.6%
    -- EBITDA(2) increased 27.3% to Ps. 212.1 million
    -- Consolidated Net Income rose 92.8% to Ps. 192.7 million
    -- Earnings Per Share(3) increased 34.0% to Ps. 0.97 during the fourth
       quarter
    -- International Net Sales rose 662.9%, to Ps. 113.4 million
    -- During the fourth quarter, Genomma successfully launched eight products
       under six existing brands (Base Brands(4) and Prior Year Launches(5))
       as part of our line extension strategy
    -- The Company also launched five products under four New Brands(6),
       as part of its new product launch plan during the fourth quarter
    -- As of December 31, 2008 the Company had a net cash position of
       Ps. 1,291.0 million

For the complete version of this earnings report, please visit: http://www.genommalab.com

Company Description

Genomma Lab Internacional, S.A.B. de C.V. is one of the fastest growing over-the-counter pharmaceutical and personal care products companies in Mexico. Genomma develops, sells and markets a broad range of premium branded products, many of which are lea
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SOURCE Genomma Lab Internacional, S.A.B. de C.V.
Copyright©2009 PR Newswire.
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