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The American Omnicare Inc, a provider of care services for older people, could emerge in the third quarter with a strong rise in profits.

The turnover of the Fortune 400 company totalled $1.5 billion in comparison to the prior year’s $1.54 billion. Net income improved to $61.4 million contrasting sharply to a net profit of $27.9 million in the same period last year.

Significantly lower costs during the reporting period contributed to improved margins and a strong rise in profits, said the company.

 

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