|
|
Article: News Summary
- Article from:
- The Daily Record (Baltimore)
- Article date:
- June 7, 2007
CopyrightCopyright 2007 The Daily Record (Baltimore). Provided by ProQuest LLC. (Hide copyright information)
|
Martek reports lower profit
Martek Biosciences Corp., of Columbia, which develops,
manufactures and sells products from microalgae, reported revenue for
its fiscal second quarter ended April 30 of $76.7 million, up 9
percent from $70.2 million reported in the prior-year period. Net
income was $4.9 million, or 15 cents per diluted share, an 11.8
percent drop compared with $5.5 million, or 17 cents per diluted
share, earned in the previous year's quarter. Martek said its
earnings were negatively affected by lower-than-expected contract
manufacturing margins and cost increases for ARA, a nutritional oil
used in infant formula.
Energy-efficient offices pay off
Office rents in buildings rated ...