Cooper Companies close third quarter with upturn

For the third quarter of 2003, which ended on July 31, The Cooper Companies revenues were 108.4 million dollars, an increase of 20% compared to the end of the third quarter last year.

CooperVision revenues for the same period was 87.8 million dollars compared to 70.6 million dollars in the third quarter of 2002 (+24%).

For the nine months that ended on July 31, CooperVision's growth was 41%, with 238.6 million dollars compared to the 168.9 of the corresponding period in 2002. In the US, which represents 48% of the company's market, revenues for the quarter grew by 16%, in Europe growth was 37% and 91% in the Asia-Pacific area.

CooperVision forecasts revenues of between 89 and 92 million dollars for the fourth quarter of 2003; for tax year 2004, The Cooper Companies is in line with forecasts and it expects revenues of between 409 and 413 million dollars.