Business in the Burbs

Profits fall at Spar Group in 4Q

March

Spar Group Inc., a marketing company based in Tarrytown, reported net income of $467,000, or 2 cents a share, during the fourth quarter. That compared to net income of $1.5 million, or 8 cents a share, during the same quarter a year earlier. Net revenues fell to $16 million from $18.4 million a year earlier. Gary Raymond, president and chief executive officer, said that the economic downturn hurt results during the fourth quarter.

This entry was posted on Friday, March 6th, 2009 at 1:47 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Earnings

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