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.
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Category: Earnings
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