Profits rise at Spar in 2Q
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.