Life Sciences Research, Inc. Announces Third Quarter Results

EAST MILLSTONE, N.J.--(BUSINESS WIRE)--Life Sciences Research, Inc. (Other OTC: LSRI) announced today that revenues for the quarter ended September 30, 2006 were $49.5 million, 13.0% above the revenues for the same period in the prior year of $43.8 million. Excluding the effect of exchange rate movements, revenues increased 8.7%. Operating income for the quarter ended September 30, 2006 was $5.7 million, or 11.6% of revenues, compared with $5.7 million, or 13.0% of revenues for the same period in the prior year. The Company reported net income for the quarter ended September 30, 2006 of $2.7 million compared with $1.1 million for the quarter ended September 30, 2005. Net income per common share for the quarter ended September 30, 2006 was $0.21 compared with $0.09 in the quarter ended September 30, 2005. Net income per fully diluted share was $0.18 for the current quarter compared to $0.08 in the prior year.

MORE ON THIS TOPIC