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Home Industry News Bristol Myers Squibb sees 4 per cent net sales increase

Bristol Myers Squibb sees 4 per cent net sales increase

28th January 2009

Bristol-Myers Squibb’s net sales have risen four per cent, according to new figures.

The organisation’s net sales over the fourth quarter reached $5,249 million (3,668 million pounds), an increase on the $5,058 million reported the previous year.

Non-generally accepted accounting principle diluted earnings per share from continuing operations also rose 53 per cent, now standing at $0.46.

Commenting on the results, James Cornelius, chairman and chief executive officer for the company, said the organisation had taken “decisive action ? to become leaner and more agile”.

He added: “I’m particularly pleased by our global commercial teams in presenting our value proposition to customers and payers.

“We’ve executed with speed and rigour against our strategy.”

Mr Cornelius concluded the results cap off an outstanding year for the business.

Last month, Bristol-Myers Squibb declared its quarterly dividend was $0.31 per share on the organisation’s $.10 par value common stock, which is payable on February 2nd this year.

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