Navigation Links
Grupo Casa Saba Announces 3Q09 Earnings Report
Date:10/28/2009

Cash and cash equivalents at the end of the third quarter of 2009 was $161.17 million, a decline of 44.99% compared to the same period of 2008.

COMPREHENSIVE COST OF FINANCING

During the period, GCS's comprehensive cost of financing (CCF) reached $47.71 million, 22.15% lower than the CCF reported during 3Q08. This was primarily due to a reduction in the amount of interest income paid as well as a lower exchange rate loss.

These interest payments are related to the long-term credit that was obtained as a result of the acquisition in Brazil as well as the interest that was generated from the utilization of short-term credits for our operations in both Mexico and Brazil.

OTHER EXPENSES (INCOME)

During the third quarter of 2009, the Company registered an income of $17.43 million in other expenses (income), an increase of 20.59% versus the same period of 2008. The expenses (income) from this line item were derived from activities that are distinct from the company's everyday business operations.

TAX PROVISIONS

During the third quarter, tax provisions were $24.74 million, 61.14% less than the $63.67 million obtained during 3Q08. Of these, $75.89 million were related to income tax payments and ($51.15) million were attributed to deferred income tax.

The effective tax rate for the quarter was 13.74%.

NET INCOME

As a result, GCS's net income for the third quarter was $155.38 million, an increase of 39.03% compared to the third quarter of 2008. The growth was primarily due to the reduction in both the CCF as well as the tax provisions. Consequently, the net margin for the period was 2.22%, 55 basis points higher than the 1.67% net margin registered during the third quarter of 2008.

WORKING CAPITAL

During the third quarter of 2009, our accounts receivable days increase
'/>"/>

SOURCE Grupo Casa Saba
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine technology :

1. Rochester Medical Announces Fourth Quarter 2009 Earnings Conference Call Thursday, November 5th 2009
2. BioMarin Announces Third Quarter 2009 Financial Results
3. Rigel Announces Presentations at Two Investor Conferences
4. Onyx Pharmaceuticals Announces Third Quarter 2009 Financial Results Teleconference and Webcast
5. STAAR Surgical Announces Third Quarter 2009 Earnings Release Date and Conference Call
6. CardioGenics Holdings Inc. Announces Letter to Shareholders
7. Heska Announces Q309 Results
8. Regeneron Announces Presentation at the 18th Annual Credit Suisse Healthcare Conference
9. Inverness Medical Innovations Announces Third Quarter 2009 Results
10. Logical Therapeutics Announces Positive Results of LT-NS001 vs. Naproxen Clinical Study
11. Intercept Pharmaceuticals Announces Positive Phase II Results for INT-747 as a Treatment for Primary Biliary Cirrhosis
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/28/2014)... , July 28, 2014 Reportbuyer.com has ... Global Bone Densitometers Market 2014-2018 ... bone densitometry scan is a special type of X-ray ... bone. It is used primarily to detect osteopenia or ... and the risk of fractures is high. The purpose ...
(Date:7/28/2014)... , July 28, 2014 KaloBios Pharmaceuticals, Inc. ... on the status of the KB001-A development program, including ... KB001-A Collaboration Update ... Sanofi Pasteur to regain all rights to KaloBios, KB001-A ... entered into in 2010 has been terminated. Under that ...
(Date:7/28/2014)... , July 28, 2014  Some 2,500 scientists and ... in Montreal for the largest ... a discipline that draws researchers from fields as far ... as diverse as designing new manufacturing processes to creating ... special time because the United Nations has declared 2014 ...
Breaking Medicine Technology:Global Bone Densitometers Market 2014-2018 2Global Bone Densitometers Market 2014-2018 3Global Bone Densitometers Market 2014-2018 4Global Bone Densitometers Market 2014-2018 5KaloBios Provides Update on KB001-A Partnership and Clinical Status 2KaloBios Provides Update on KB001-A Partnership and Clinical Status 3KaloBios Provides Update on KB001-A Partnership and Clinical Status 4KaloBios Provides Update on KB001-A Partnership and Clinical Status 5KaloBios Provides Update on KB001-A Partnership and Clinical Status 6All About Crystals: Tiny, Giant, from Mars, from Earth's Mantle, in Medicine and in Manufacturing 2All About Crystals: Tiny, Giant, from Mars, from Earth's Mantle, in Medicine and in Manufacturing 3All About Crystals: Tiny, Giant, from Mars, from Earth's Mantle, in Medicine and in Manufacturing 4All About Crystals: Tiny, Giant, from Mars, from Earth's Mantle, in Medicine and in Manufacturing 5All About Crystals: Tiny, Giant, from Mars, from Earth's Mantle, in Medicine and in Manufacturing 6
(Date:7/29/2014)... CA (PRWEB) July 29, 2014 Oxnard ... the Anacapa Dental Art Institute in Oxnard and Woodland Hills, ... have fallen out or been removed due to dental disease. ... and the two prosthodontists (experts in restoring and replacing teeth) ... not using implant specialists to perform their dental work and ...
(Date:7/29/2014)... Lean and Lovely, an affordable and short ... want to wear a bikini in the near future. This ... investigative review. , “Our Lean and Lovely review ... all fitness levels. Neither your age nor your body shape ... is at the beginning, you will achieve the results that ...
(Date:7/29/2014)... (PRWEB) July 29, 2014 The ... project, The Cottages at MeadowLands Memory Care, to break ... of those suffering from memory loss and forms of ... has approved the development of Oconto Fall’s first assisted ... Peterson, GM of The Cottages Investment Group, LLC will ...
(Date:7/29/2014)... Couples rule at Maui's only Forbes Five ... This September through November, the focus is on activities and ... of all ages and interests. Best of all, the ... the Resort's popular Experience More package , with resort ... is in full swing in the award-winning restaurants, spa and ...
(Date:7/29/2014)... 2014 Guests at Napa Valley's quintessential luxury ... a new sleep experience. The top of each luxurious resort ... , These expertly crafted, 100% Egyptian cotton white duvets ... distance, yet upon closer look, words are woven in the ... and breathe. , Intentional breathing and visualization are ...
Breaking Medicine News(10 mins):Health News:Oxnard Dental Implant Experts Warn of Infections Around Dental Implants 2Health News:Oxnard Dental Implant Experts Warn of Infections Around Dental Implants 3Health News:Oxnard Dental Implant Experts Warn of Infections Around Dental Implants 4Health News:Lean and Lovely: Review Examining Neghar Fonooni’s Program Released 2Health News:The Cottages Investment Group Announces Third Development Project, The Cottages at MeadowLands Memory Care, Oconto Falls 2Health News:The Cottages Investment Group Announces Third Development Project, The Cottages at MeadowLands Memory Care, Oconto Falls 3Health News:The Cottages Investment Group Announces Third Development Project, The Cottages at MeadowLands Memory Care, Oconto Falls 4Health News:Four Seasons Resort Maui at Wailea Goes All Out to Give Couples Memorable Get-Away this Fall at Maui’s Luxury Resort 2Health News:Four Seasons Resort Maui at Wailea Goes All Out to Give Couples Memorable Get-Away this Fall at Maui’s Luxury Resort 3Health News:Auberge Du Soleil Offers INTENTIONS™ by Peacock Alley on Guests' Beds Providing a Unique Sleep Experience 2
... kits from Beacon Analytical Systems and, ... SoftMax(R), Pro analytical software,SUNNYVALE, CA, Feb. ... innovative solutions for drug discovery and life sciences research, ... Melamine Plate Kit from Beacon Analytical Systems, which focuses ...
... 19 The Providence Service Corporation (Nasdaq: ... been awarded a $1.5 million annual contract to operate ... County, California. The contract is being funded through ... voters as Proposition 63."Our home and community based delivery ...
... Feb. 19 Based on its recent analysis of ... recognizes Horphag Research Ltd. with the 2008 North American ... Award. The award acknowledges the company,s extensive research projects ... at validating the health benefits of the ingredient, Pycnogenol(R), ...
... ST. PETERSBURG, Fla., Feb. 19 Smith & Nephew,s ... SNN ) announced that the United States Patent and ... of KCI,s negative pressure wound therapy (NPWT) patents during ... The Patent Office found that prior art showed ...
... Highlights:- Adjusted EPS from continuing operations of $0.70, ... from continuing operations of $0.65, up 18.3% - ... CVS Caremark Corporation (NYSE: CVS ... earnings for the fourth quarter and year ended ...
... Whether it is due to allergies, gluten intolerance, autism, ... eliminate ingredients such as gluten or milk. Likewise, ... seek relief by using air purifiers and non-toxic cleaning, ... daughters with multiple food and environmental allergies wanted to ...
Cached Medicine News:Health News:MDS Analytical Technologies Announces Validation of Two More Kits for High-Throughput Detection of Melamine in Food 2Health News:MDS Analytical Technologies Announces Validation of Two More Kits for High-Throughput Detection of Melamine in Food 3Health News:MDS Analytical Technologies Announces Validation of Two More Kits for High-Throughput Detection of Melamine in Food 4Health News:Providence Service Corporation California Subsidiary Awarded $1.5 Million Contract Under State's Mental Health Services Act 2Health News:Frost & Sullivan Recognizes Horphag's Pioneering R&D Efforts in Health Ingredients 2Health News:Frost & Sullivan Recognizes Horphag's Pioneering R&D Efforts in Health Ingredients 3Health News:Frost & Sullivan Recognizes Horphag's Pioneering R&D Efforts in Health Ingredients 4Health News:United States Patent Office Rejects KCI's Patents 2Health News:United States Patent Office Rejects KCI's Patents 3Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 2Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 3Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 4Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 5Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 6Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 7Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 8Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 9Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 10Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 11Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 12Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 13Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 14Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 15Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 16Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 17Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 18Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 19Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 20Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 21Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 22Health News:CVS Caremark Reports Record Results in Fourth Quarter and Year 2008 23Health News:Coming Clean: New Allergy Specialty Store is Land of Plenty for All People With Allergies 2
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
Medicine Products: