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Aceto Net Income Up 8%

10:00 AM MDT | November 4, 2011

Aceto reported net income for its fiscal quarter ended September 30 up 8% to $3 million. Net sales were $101.3 million, an increase of 16% from the year-ago quarter. Excluding sales from Rising Pharmaceuticals, acquired in December 2010, net sales were $91.8 million, representing an increase of 5%. Sales in health sciences increased 47%, largely the result of increased sales from the U.S. and the additional sales of Rising, Aceto says. Specialty chemicals segment sales decreased 8.3% from the year-ago period on lower sales of aroma products and surface...

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