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Strong first quarter for IDEXX

IDEXX Laboratories, the diagnostic and healthcare product manufacturer, has reported strong growth in the first quarter of 2010, led by sales of hematology analyzers and digital radiography systems. Net profit of $33 million was up by 27% over the first quarter of 2009, while sales were 14% higher than a year ago at $268.5 million. Organic growth was 9%, said the company, while favorable exchange rates contributed around 4% to revenues and acquisitions less than 1%.

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