Galen shares rise 40 cent
11/11/2003 - 18:33:30Galen shares rose 40 cent on the ISEQ index today to close at €10.90.
The Coleraine-based pharmaceutical firm had earlier posted strong yearly results with revenues up 84% to $432.3m (€375m) from $235.2m (€204m) to beat analysts’ forecasts.
Fellow healthcare operator Elan announced that it has completed its share and guaranteed bond offering and sale, raising $633m (€550) for its capital acquisition programme.
The company releases its third quarter earnings report tomorrow.
On the financial front National Irish Bank – part of the National Australia Group – reported pre-tax profits of €36.5m.
Bank of Ireland were up 6c to €10.58 while Allied Irish Bank was up 3c to €12.55.
