12:03 PM EST - Patheon Inc. : announced today fiscal 2012 first quarter results. Revenues of $153.9 million versus $175.7 million in the first quarter of last year. Excluding the $32.9 million impact of the reservation fee and accelerated deferred revenue associated with the termination of a manufacturing supply agreement in the first quarter of the fiscal year ended October 31, 2011, revenues increased by 7.8%. Operating loss of $20.9 million, which includes $6.4 million in consulting fees, compared to operating income of $13.5 million in the first quarter of last year, a decrease of $34.4 million. Excluding the impact of the prior year termination of a manufacturing supply agreement, the decrease would have been $1.5 million. Patheon Inc.
shares T.PTI are trading down $0.17 at $1.68.
