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A slight slip to $13.8 million, but net income rises.
March 21, 2013
By: TOM BRANNA
Editor
United-Guardian, Inc. posted a 4% slip in annual net sales of $13.8 million. However, net income rose 2% to $4.8 million for fiscal year 2012. According to the company, it was able to achieve record earnings despite a production curtailment by the supplier of one of its pharmaceutical products, which caused a significant drop in the company’s shipments of that product for the second half of the year. Ken Globus, president of United-Guardian, stated that sales of its perso...
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