The company is Omnicare, Inc. Here is the revenue for 5 years. Revenue Chart Yea
ID: 2367594 • Letter: T
Question
The company is Omnicare, Inc.Here is the revenue for 5 years.
Revenue Chart
Year Revenue (in billions)
2006 $6.49
2007 $6.10
2008 $6.21
2009 $6.17
2010 $6.15
I could find the numbers and figure out if it decreased or inclined. However, I don't have idea how to find the reason like why the revenue decreased.
The question in the worksheet is,
DId revenue increase or decrease over the last few years? An explanation of the change in revenue is often contained in the management discussion and analysis section. What reasons did management give for the change?
Please find the answer and teach me how to research the company, like where or how. I want to do myself!
Thanks!
Explanation / Answer
The decrease in revenues was mainly due to the unilateral reduction by UnitedHealth Group and its Affiliates in the reimbursement rates paid by United to Omnicare.The operating profit of the company was $341.9 million during FY2007, a decrease of 28.8% over 2006. The net profit was $114.1 million in FY2007, a decrease of 37.9% over 2006. google the company's financial reports and read ...