Taro Pharmaceutical Reports Strong Fiscal Year

Taro Pharmaceutical (TARO) has released an update.

Taro Pharmaceutical Industries Ltd. reported a robust financial performance for the fiscal year ended March 31, 2024, with a significant increase in net sales and earnings per share, driven by new product launches and strategic adjustments. The company’s net income more than doubled compared to the previous year, and operational cash flow saw a marked improvement. These positive results are set against the backdrop of one-time charges and gross-to-net adjustments, suggesting underlying strength in Taro’s core business operations.

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