DRUG WHOLESALERS BOOST NET PROFIT MARGIN TO 1.15% IN 1994; 9.3% RISE IN TOTAL SALES COMBINES WITH OPERATING COST CONTROL TO IMPROVE INDUSTRY PROFITS
Executive Summary
Wholesalers' net profit margins increased by 11.7% in 1994, according to the National Wholesale Druggists' Association annual membership operating survey. The industry's net profit margin improved for the first time since 1989, from 1.03% in 1993 to 1.15% in 1994.