Bergen Brunswig Corp. said it expects to report net income of about $20.5 million for its fiscal year ended Aug. 31, a 11% decline from the net income of $23.3 million the Orange-based company reported a year earlier.
The company attributed the reduction to expenses incurred in expansion, increased interest charges due to additional borrowing and charges for additions to inventory and year-end adjustments.
"The majority of the company's acquisition growth objectives have been accomplished," said Emil P. Martini Jr., chairman and chief executive officer. "Operating earnings are expected to improve during fiscal 1987 as these new operations come on stream and are consolidated."
The company said the most recent results will include a gain of about $9 million from the initial public offering of its Commtron Corp. unit.