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Article: Porta Systems Corp. Reports Results for the Quarter Ended March 31, 2005.
- Article from:
- Business Wire
- Article date:
- May 13, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SYOSSET, N.Y. -- Porta Systems Corp. (OTCBB:PYTM) today reported operating income for the quarter ended March 31, 2005 of $1,545,000 compared to operating income of $1,151,000 for the quarter ended March 31, 2004.
The Company reported net income of $1,203,000, or $0.12 per share (basic and diluted), for the quarter ended March 31, 2005 as compared with a net income of $828,000, or $0.08 per share (basic and diluted), for the comparable quarter of 2004.
Sales for all units were $7,615,000 for the quarter ended March 31, 2005 versus $8,100,000 for the quarter ended March 31, 2004, a decrease of $485,000 (6%). Copper Connection/Protection sales were ...
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