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Quarterly net income up 30% for Akorn
Akorn reported generally accepted accounting principles net income of $12.6 million for the quarter ended June 30, up 30.2% from the $9.7 million in net income for the same period last year, according to a company news release. The company set a record with its $77 million in quarterly consolidated revenue, up from $63.3 million in the second quarter of 2012, for an increase of 22%. Consolidated gross margin, however, fell to 54.7% from 56.5%, the release said.