Hudson turns around last year’s loss
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- August
- 6
Hudson Technologies Inc., the Pearl River company that sells refrigerants and cleans refrigeration equipment, said this morning its second-quarter profit rose to $2.99 million, or 16 cents a share, from a loss of $1.62 million, or 6 cents a share, in 2007.
Revenues rose 16 percent to $13.09 million.
Kevin J. Zugibe, the chairman and chief executive of the company, said sales are usually higher in the first six months of the calendar year, as customers prepare for summer. A key factor that caused revenues to grow in the first half of 2008 was increases in the prices of certain products, he said.
This entry was posted
on Wednesday, August 6th, 2008 at 7:32 am by Allan Drury.
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