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Article: Aduddell Industries Reports 2007 Second Quarter Results; Mid-Year Backlog Increases Nearly 28% to $23 Million.
- Article from:
- Business Wire
- Article date:
- August 14, 2007
CopyrightCOPYRIGHT 2007 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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OKLAHOMA CITY -- Aduddell Industries, (OTCBB: ADDL) today reported its financial results for the three and six month period ended June 30, 2007.
For the second quarter of 2007, the Company reported revenues of $14.4 million, and a net loss of $743,318. This compares with revenues in the second quarter of 2006 of $8.6 million and a net profit of $186,982. Revenues for the first six months of 2007 were $24.4 million, up 97% compared to $12.4 million for the same period last year. The increase in revenues for both 2007 periods is primarily attributable to the Company's restoration division, which added revenues of $6.3 million for the second quarter and $9.5 million ...