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Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients
Ampac Fine Chemicals reports rise in profits and sales
1:27 AM MDT | August 8, 2013 | Deepti Ramesh
Ampac Fine Chemicals (AFC; Rancho Cordova, CA), a subsidiary of American Pacific (Las Vegas), reports an 11.5% rise in operating profits for its fiscal third quarter ended 30 June 2013, compared with the year-ago period, to $5.8 million. Third-quarter sales increased 21.4%, to $44.2 million. For the nine-month period, ended 30 June, AFC reports a nearly four-fold increase in operating profits, compared with the first nine months of the previous fiscal year, to $10.8 million. Nine-month sales increased 31.1%, to $102.8 million. The increase in revenues for the...
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