Takeover pushes Warner Chilcott into the red with €34.1m losses

WARNER Chilcott, the Northern Ireland drug company, made a loss in the second quarter of the year.

The company, formerly called Galen Holdings, made a loss of $42.2 million (€34.1m) in the three months ending June, compared to a profit of almost $40m a year ago.

The company said it fell into the red because of the impact of increased amortisation and net interest expense resulting from the takeover of the company.