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Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients
Ampac Fine Chemicals reports fall in profits and sales
12:17 AM MST | December 13, 2013 | Deepti Ramesh
Ampac Fine Chemicals (AFC; Rancho Cordova, CA), a subsidiary of American Pacific (Las Vegas), reports an 88.2% fall in operating profits for its fiscal fourth quarter ended 30 September 2013, compared with the year-ago period, to $463,000. Fourth-quarter sales decreased 33.3%, to $22.06 million. For the full fiscal year ended 30 September, AFC recorded a 61.4% increase in operating profits compared with the previous fiscal year, to $11.3 million. Full-year sales increased 12%, to $124.9 million. The rise in full-year sales was led by increases in development...
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