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Article: MILES' SALES SURPASS $7 BILLION; OPERATING PROFIT UP 7.5 PERCENT
- Article from:
- PR Newswire
- Article date:
- March 21, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Miles to Become Bayer April 1
R&D Spending at $480 Million
Capital Investments at $528 Million
PITTSBURGH, March 21 /PRNewswire/ -- Miles Inc., Pittsburgh, reported today that its 1994 consolidated net sales were $7.1 billion, a 10.4 percent increase from 1993. The company's operating profit for last year increased 7.5 percent to $489 million, consistent with its expectations. Net income increased to $183 million in 1994.
Miles, a chemicals, health care and life sciences, and imaging technologies company, is a wholly owned subsidiary of Bayer AG, Germany. On April 1, 1995, Miles will become Bayer ...