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Posted November 20. 2012 9:25AM

Ruger sees 62 percent hike in 3Q income

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The Connecticut-based gun manufacturer, with a major facility in Newport, N.H., reported a net income of $17.4 million in the third quarter (88 cents per share, with nearly 38 cents disbursed as dividends) -- a 62 percent increase, compared to the third quarter of 2011. The growth was mainly due to net sales of 118.2 million.