Aceto Corp.

Aceto announces earnings per share of $0.11

Published in Pharma Investments, Ventures and Law Weekly, June 4th, 2006

Aceto Corp. (ACET), a global distributor of chemically-derived pharmaceuticals, biopharmaceuticals, specialty chemicals and agrochemicals, announced results of operations for its fiscal 2006 third quarter and 9 months ended March 31, 2006.

Net sales for the third quarter were $80.8 million, compared to $82.5 million in the third quarter of fiscal year 2005. The company's selling, general and administrative expenses decreased 18% from the third quarter of last year, producing a 43% increase in operating income to $4.1 million. Aceto reported net income of $2.8 million or $0.11 per diluted share, a 45% increase from $1.9 million or $0.08 per diluted share in the 2005...

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Source: Pharma Investments, Ventures and Law Weekly (2006-06-04)

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