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Article: United States: Keystone reports profit of USD 5.9 million in Q3.(Financial report)
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
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Byline: pinto03
Keystone Consolidated Industries Inc has announced that it continued to stay in black ink during the third quarter as it continues to control costs during the recession.
Keystone Consolidated, parent of Bartonville based Keystone Steel & Wire Co, reported a profit of USD 5.9 million for the third quarter ended September 30th 2009. Although well below the USD 24 million profit recorded in the third quarter of 2008, the company is pleased it made a profit, considering sales were way down.
Mr Bert Downing Jr VP & CFO of Keystone Consolidated said that "We were profitable, and in relation to a lot of our competitors, that is ...