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IVAX ANNOUNCES RECORD EARNINGS

 IVAX ANNOUNCES RECORD EARNINGS
 MIAMI, March 12 /PRNewswire/ -- IVAX Corporation (AMEX: IVX) today


announced earnings for the year and three months ended Dec. 31, 1991. The results of operations are as follows:
 IVAX CORPORATION
 Year ended Dec. 31,
 1991 1990
 Revenues $181,624,000 $141,548,000
 Net income (loss) $ 11,901,000 $ (760,000)
 Net earnings (loss) per share $ .20 $ (.01)
 Fully diluted net earnings
 per share $ .19 $ N/A
 Average shares outstanding 60,052,000 53,535,000
 Fully diluted average shares
 outstanding 61,265,000 N/A
 Three Months ended Dec. 31,
 1991 1990
 Revenues $ 60,681,000 $ 38,492,000
 Net income (loss) $ 3,101,000 $ (1,000)
 Net earnings per share $ .05 $ --
 Average shares outstanding 63,844,000 53,820,000
 IVAX Corporation is a holding company with subsidiaries involved in specialty chemicals, pharmaceuticals and medical diagnostics. IVAX' principal subsidiaries include Baker Cummins Pharmaceuticals, Inc., a developer and marketer of unique brand name pharmaceuticals; Norton Healthcare Limited, a leading manufacturer and marketer of off-patent pharmaceuticals in the United Kingdom, Ireland and other countries; Goldline Laboratories, Inc. and Best Generics, Inc., marketers of off-patent prescription and over the counter pharmaceuticals in the United States; Diamedix Corporation, a medical diagnostics company; Delta Biologicals S.r.l., a marketer of medical diagnostic tests and instruments in Italy; and IVAX Industries, Inc., a chemical specialties business.
 -0- 3/12/92
 /CONTACT: F. E. Baxter, senior vice president-finance and chief financial officer of IVAX Corporation, 305-590-2318/
 (IVX) CO: IVAX Corporation ST: Florida IN: MTC SU: ERN


AW-BR -- FL001 -- 7645 03/12/92 09:07 EST
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Publication:PR Newswire
Date:Mar 12, 1992
Words:265
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