Higher Sales Push Bergen Brunswig Net Up 14% for 3rd Quarter
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ORANGE — Bergen Brunswig Corp. posted a 14% increase in net income for the third fiscal quarter on higher sales.
The distributor of pharmaceuticals and medical-surgical supplies said net income for the quarter ended June 30 grew to $19.2 million, or 48 cents a share, from $16.9 million, or 42 cents a share. Revenue increased 14% to $2.5 billion from $2.2 billion.
For the first nine months, net earnings totaled $55.2 million, or $1.37 a share, 14% higher than the $48.3 million, or $1.22 a share, recorded a year ago. Revenue was up 18% to $7.3 billion from $6.2 billion.
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