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Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Ampac Fine Chemicals reports operating profits

11:58 PM MST | December 13, 2012 | Deepti Ramesh

Ampac Fine Chemicals (AFC; Rancho Cordova, CA), a subsidiary of American Pacific Corp. (Las Vegas), recorded an operating profit of about $3.9 million in its fiscal fourth quarter, ended 30 September 2012, compared with an operating loss of $1.4 million in the corresponding period of the previous fiscal year. Fourth-quarter sales increased 15%, to $33.1 million. In the full fiscal year ended 30 September, AFC recorded a 25% increase in sales compared with the previous fiscal year, to $111.5 million; and an operating profit of $7 million compared with an operating...

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