lardass rat had some good news today.
Darling Intl 2nd-Quarter Net More Than Doubled
Tuesday August 12, 11:57 am ET
IRVING, Texas (Dow Jones)--Darling International Inc.'s second-quarter income more than doubled, as sales rose 30.4% from a year ago, and lowered depreciation, amortization and interest expenses.
In a press release Tuesday, the food processing by-products recycling company said earnings for the three months ended June 28 increased to $3.2 million, or 5 cents a share, from $1.2 million, or 3 cents a share, last year.
Second-quarter sales rose to $78.5 million from $60.2 million last year, led by increases in finished-product prices and finished-products purchased for resale.
Darling International Inc. (AMEX:DAR - News) - Irving, Texas
2nd Quar June 30:
2003 2002
Sales $78,536,000 $60,189,000
Inc cont op 3,180,000 1,347,000
Inc dis op .... (98,000)
Net income 3,180,000 1,249,000
Shr earns
Inc cont op .05 .03
Inc dis op .... ....
Net income .05 .03
Figures in parentheses are losses.
American Stock Exchange-listed shares of the company were recently trading up 4 cents, or 1.6%, at $2.49 on composite volume of 10,100 shares. Average daily volume is 186,390 shares.
The stock hit a 52-week high of $2.67 July 30, and traded at a 52-week low of 85 cents Aug. 12, 2002. |
