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Industry: Email Alert RSS FeedCardinal 1st qtr. sales hit $203M
Drug Store News, Oct 9, 1989
Cardinal 1st qtr. sales hit $203M
DUBLIN, Ohio -- Cardinal Distribution posted a 31-percent increase in net sales and a 58-percent increase in net earnings from continuing operations for the first quarter ended June 30.
First-quarter net sales rose to $203.3 million, from $155.0 million for the comparable period last year. Net earnings from continuing operations were $2.4 million, compared with $1.5 million for the year-ago quarter.
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Total net earnings for the first quarter last year were $6.2 million, including net earnings from the company's discontinued wholesale food operations, and a non-recurring gain from the April 18, 1988 sale of those operations, in the aggregate amount of $4.7 million.
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