In the company’s first quarter of fiscal 2009, revenue rose by 42.5% to $6.75million. Net earnings jumped 84.9% to $209,001.
The company’s chief financial officer, Venerando Indelicato, said: “We are pleased with the company’s performance during the first quarter of fiscal 2009, having attained near record revenues and earnings. Although we operated on lower gross profit margins due to larger contracts, which historically carry lower margins, our overall profitability improved due to higher revenues. The company will continue its efforts to aggressively increase its market share during these recessionary times even though existing projects have become more competitive.”
