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Article: Hi-Tech Pharmacal Announced 39% Increase in Sales and 82% Increase in Net Income for Three Months Ended October 31, 2002.
- Article from:
- Business Wire
- Article date:
- December 16, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
AMITYVILLE, N.Y.--(BUSINESS WIRE)--Dec. 16, 2002
44% Increase in Sales and 87% Increase in Net
Income for Six Months Ended October 31, 2002
Hi-Tech Pharmacal Co., Inc. (NASDAQ:HITK) reported today sales and net income for the second quarter and six months ended October 31, 2002.
For the three months, the Company reported sales of $11,765,000, an increase of 39% from $ 8,454,000 for the same period last year. Net income increased 82% to $1,601,000, or $0.32 per share compared to $878,000, or $0.18 per share for the same period last year. For the six months ended October 31,2002 sales increased 44% to $20,594,000 ...