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Article: Nobility Homes, Inc. Announces Sales and Earnings for Its Second Quarter 2009.(Financial report)
- Article from:
- Real Estate Weekly News
- Article date:
- July 3, 2009
CopyrightCOPYRIGHT 2009 NewsRX. 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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Today Nobility Homes, Inc. (NASDAQ:NOBH) announced sales and earnings results for its second quarter ended May 2, 2009. Sales for the second quarter of 2009 were $2,388,817 as compared to $8,700,899 recorded in second quarter of 2008. Loss from operations for the second quarter of 2009 was $884,242 versus income of $748,463 in the same period a year ago. The loss in the second quarter was increased by the closing of the retail sales center, the write-off of the goodwill and leasehold improvements plus the expenses associated with the temporary closing of the Belleview manufacturing facility. Net loss after taxes was $506,440 as compared to income of $587,738 for the same ...