March 14, 2013
1 min read
Save
This article is more than 5 years old. Information may no longer be current.
Akorn net income drops to $35 million in 2012
You've successfully added to your alerts. You will receive an email when new content is published.
Click Here to Manage Email Alerts
Click Here to Manage Email Alerts
We were unable to process your request. Please try again later. If you continue to have this issue please contact customerservice@slackinc.com.
Akorn reported net income of $35.38 million in 2012, down nearly 18% from $43.01 million in 2011, according to a company news release.
Net income in 2011 included a $13.4 million gain related to the sale of the Akorn-Strides joint venture.
Consolidated revenue in 2012 totaled $256.16 million compared with $136.92 million the previous year, while total operating expenses rose to $79.94 million from $46.42 million.
Revenue in the fourth quarter was $71.52 million, up from $42.63 million in the same quarter the previous year. Net income for the quarter was $8.81 million, up from $5.73 million.