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Business in the Burbs

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Profits rise at Spar in 2Q

July
31

Spar Group Inc., a marketing services company based in Tarrytown, reported net income of $236,000, or 1 cent a share during the second quarter, up from net income of $3,000 a year earlier.

Revenues fell to $13.5 million from $18.9 million a year earlier.

“Second quarter revenues continued to be affected by weak global economic conditions, with our overseas operations experiencing the greater impact,” Gary Raymond, president and chief executive officer, said in a written statement.

He added that management last year took steps to cut costs in response to the sluggish business outlook.

This entry was posted on Friday, July 31st, 2009 at 1:33 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Earnings

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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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