Valeant Pharmaceuticals posts 12-fold rise in net profit

Thu Jul 31, 2014 6:25am EDT
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July 31 (Reuters) - Canada's Valeant Pharmaceuticals International Inc, which is trying to take over Botox-maker Allergan Inc, said net income rose nearly 12-fold, boosted by strong sales at its Bausch & Lomb lens business.

Net income attributable to Valeant rose to $125.8 million, or 37 cents per share, in the second quarter ended June 30, from $10.8 million, or 3 cents per share, a year earlier.

Total revenue jumped to $2.04 billion from $1.09 billion. (Reporting by Ashutosh Pandey in Bangalore; Editing by Maju Samuel)