Spar group reports $1.5 million profit
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- February
- 25
Spar Group Inc., a marketing company in Greenburgh, earned $1.5 million, or 8 cents a share, during the fourth quarter of last year, compared with a loss of $105,000, or a penny a share, a year earlier, the company reported this morning.
Revenues rose 16 percent to $18.4 million from $15.8 million, the company said.
Gary Raymond, the company’s president and chief executive, said Spar’s international revenue is growing strongly and the company has just begun executing a strategy to increase its U.S. revenue.
“As the world retail market becomes increasingly competitive we see many opportunities in the near and long term for our services to help existing and potential clients differentiate themselves in crowded retail markets,” he said.
This entry was posted
on Monday, February 25th, 2008 at 9:16 am by Allan Drury.
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Category: Earnings season
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